Quote from: Regulater on May 03, 2018, 09:45:24 PM

Quote from: B1tUnl0ck3r on May 03, 2018, 09:42:51 PM

Quote from: Msobh on May 03, 2018, 09:36:10 PM

i just saw the antminer Z9 . and i wonder now about the decentralization for cryptocurrencies. some smart people will come and reply "everyone ccan buy Z9 = decentralization ". but this is bullShit. it still 1 company one point of failure . Antbleed , Backdoors. etc . just imagine if shitmain have a hidden backdoor inside each one of those miners . shitmain will control your money .

i used to vote and fight for cryptocurrencies as it has lots of advantages over banks big one of these advantages was decentralization but not anymore . if one company or two control our money then this will be totally scam and shity future . i have 100s of banks in my country i can chose anyone of them , now only 1 company can control my money LOOOL .

if cryptocurrencies will continue like this without true decentralization then cryptocurrencies are shit and SCAM .

true decentralization MUST avoid ASIC ( at least until we have lots of ASIC makers in different countries )

that's why the oldest POS privacy chain may win... PIVX

then there is the issue that the chain works 100 % decentralized but the anonymization system zpiv is still centralized, ie it can be cut off and on by the devs, making it still a single unacceptable point of failure.

that's the spirit of bitcoin, now they are try to soften us with high valuation... everything trustless will be taken over by them. it's like in matrix against the machines... they are relentless. our opponents aren't humans... so...

Any PoS system will always be centralized. Also ASICs cause centralization and that is known too. PoW with GPU mining only and 1cpu/vote ratio to the true method towards decentralization. Even with large companies, that doesnt prevent decentralization, its the production of machines only a few companies can produce and limit sales to that cause centralization, or the ability to hold majority ratio of a coin for PoS.

maybe that by decentralizing governance by fixing certain pivx, this pos chain will succeed, but yes... galaxy collapses... so what we need is the black hole of cryptos so to speak

otherwise back at the neofeudal model, my army > your army, bow or die... monkeys boiling water with atomic fission... very safe

or violence on the centralizor of cryptos... after a certain concentration threshold i'ts death...