Post
Topic
Board Announcements (Altcoins)
Re: Energi [NRG] Cryptocurrency for World Adoption | PoS | MN | No-ICO or Premine |
by
stakelover
on 14/12/2020, 22:42:33 UTC
does anyone have control and power over the currency (like being able to BLOCK AND REVERSE TRANSFERS)? if the answer is yes it is CENTRALIZED

Ahh the old centralized vs decentralized debate rears it's ugly head again.

Blockchain decentralization refers to the distribution of the network hardware and the distributed ledger (aka blockchain) data. The fact that the entire record of the ledger exists on servers in multiple locations all around the world means it's decentralized. No single NODE can effect change on the network and modify the distributed ledger records without consensus of the rest of the nodes on the network, theoretically (51% attacks and such aside). This is the true meaning of decentralization as it pertains to blockchain technology.

However, there are those who believe that the word decentralization refers to the idea that there's no governing body making decisions on the planning, development, and implementation of the project. This is incorrect and it just takes a little bit of time, research, and critical thinking to see the flaw in this line of thinking. Because if you want to use this argument to call Energi centralized, you must apply the same rule to all other projects and determine that they're centralized also.

One of the first things that people tell you to do when you're researching projects is to look at the team.

Here's Energi's team page: https://www.energi.world/team/
See that big list of people with pictures on their team page? They are the ones who are responsible for the planning, development, and implementation of the Energi project.
So then by this definition, The Energi project is centralized. Ok, I can go along with that. Let's look at another one.

Here's ChainLink's team page: https://chain.link/team
They too have a group of people who are responsible for the planning, development, and implementation of the ChainLink project. I guess they're centralized too.

Let's look at another.

Here's the Bitcoin Core developers: https://bitcoin.org/en/development#bitcoin-core-contributors
Those people are the ones who have been doing the planning, developing, and implementation of the Bitcoin project. Looks like Bitcoin is centralized as well.

The Ethereum Foundation (https://ethereum.org/en/foundation)
The Ripple Foundation (https://ripple.foundation/)
The executive board of Tether (https://tether.to/about-us/)
The LightCoin Foundation (https://litecoin-foundation.org/about-us/)

That's just the top 6 crypto projects by market capitalization. But again, a little research into a project will show that the rest of them all follow a similar structure to one of those I mentioned. So by this definition, any and ALL crypto projects out there are centralized.

None of these projects can operate for very long without direction and leadership and that direction and leadership has to come from somewhere. When that direction and leadership isn't strong, then you have fractured communities. Look at the Ethereum and Ethereum Classic split. Not pretty. And for the record, the fact that a group DID roll back transactions to recover stolen Ethereum was PRECICESLY the reason why that community fractured and there are now two Ethereum projects.

I'm sure you hold positions in at least one of the other projects that I mentioned in this post and you likely haven't complained about them being centralized. So let's just stop using false pretenses to try to make Energi look bad just because you don't like the way they're leading their project.