Quote from: mariaana on October 14, 2020, 01:26:40 PM

Quote from: rat03gopoh on October 14, 2020, 09:57:21 AM

BTC vs ETH = decentralized vs centralized
Satoshi has disappeared, while Vitalik is still behind ETH. And I'm confused Huh

why smartcontract-based DeFi tokens dare to call themself decentralized while tokens can be locked at any time and even renewed by the developer as in the case of the kucoin hack.

Strongly disagree with this statement. Bitcoin is much more centralized because of China taking over most of bitcoin mining farms.
Moreover, there are no updates for bitcoin which can't be said about eth - and this is crucial in long term.

I do not "strongly disagree", even though I disagree. I think satoshi not being around and vitalik being around does have some sort of meaning. Sure it doesn't make ethereum centralized because we as the people would have to agree with the approach vitalik takes in order for him to change anything, if the people who have ethereum and uses it do not agree with vitalik and do not use his new blockchain, he can't change anything at all, which is what the decentralization is.

People assume decentralization is never changing a single thing but that is not it, blockchains can improve or change but for that to happen almost everyone has to agree, close to 85% accept it, that is why I think there is no centralization problem with bitcoin at all, it is definitely a great decentralized currency.