Post
Topic
Board Archival
Re: delete
by
Etlase2
on 10/11/2011, 21:43:23 UTC
Same with Bitcoin when it was first started, it was pretty damn centralized to just a few individuals as well. The idea is that as the network grows, decentralization will naturally occur (same as with Bitcoin).

Bitcoin users have trouble believing that anything other than hashing power could be used to secure the network (and BEX is probably especially pissed because his attack didn't work...). Solidcoin, however, has an extremely high barrier to entry to become part of the control group. It doesn't really foster a decentralized mindset, especially when they were given 1 million coins to be bestowed with that power. But 51% of the hashing power is just another control group, it is just a lot easier to become a part of that control group. Problem with being easier to be part of that control group is that it is easier for malicious people to join, too.