So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.
This is crypto. Hash power is The Power.
"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."
- SN, Bitcoin: A Peer-to-Peer Electronic Cash SystemSo much for decentralization.
Ah, yes. 'Decentralization'. A means to an end that many have confused with the ultimate end. And a term that appears exactly zero times in aforementioned white paper.
That's ridiculous.
Now decentralization is not important?
That's not what I said at all. What I am trying to say is that decentralization is not the holy grail. Decentralization is merely a means to an end. Decentralization is valuable only in that it serves the ability to transact in a permissionless trustless manner.
Seems like bitcoin's pow is of central importance in bitcoin
Absolutely. A principle that has never been tested in practice. A principle that is seemingly about to be demonstrated conclusively.
To be honest, it's not. No one even cares about it anyways. Almost no one. Look at all the exchanges, all of them are centralized, the ones that are decentralized have 1000$ in volume.