Post
Topic
Board Bitcoin Discussion
Re: There are no decentralized cryptocurrencies
by
Dhaniii
on 25/12/2021, 15:50:30 UTC
As long as we rely on any centralized system, crypto can not be truly decentalized.  How do we solve this?  What is the next step towards true decentralization? A world-wide cascading network of long range radio devices (HAM, LoRa, etc) that people can assemble and program themselves?

What do you think? Or are the fundamentals I presented above faulty? Please let me know!
If we continue to look at things the way that you are looking at them right now, then we might as well give up on everything. Let’s just not go down that road for now, at least with Bitcoin we have been able to achieve that decentralization to an extent. There are even wallets these days that can send Bitcoin without having to make use of the Internet, the transactions are made offline from one person to another.

And even on the blockchain, the transactions you make only shows your address and where the transaction is going to, it doesn’t really show who is behind the transaction, because your identity is not revealed on the platform. So the privacy Has been achieved to an extent.

I agree with you, we don't need to focus on whether bitcoin is centralized or decentralized, but just look at bitcoin that has been running for years but is still safe and cannot be hacked by any system. As a player, it is enough to just look at the positive and don't need to be stuck with negative issues that can cause people to be afraid to invest in crypto.