To lizarder

" what does losing mean?"

Losers are those who sell bitcoin

winners are those who buy and keep bitcoin

If natural selection do favor the winners over the losers, then we will have more buyers than sellers, and this explains why bitcoin price will go up in the future


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To decodx

- decentralization requires that there needs to exist only one center, because if there is no center, there is no decentralization. Proof of work does not invent a center, it discovers it

and that's why bitcoin's proof of work cannot be copied, decentralization means discover a center, not invent one, and the center of decentralization is bitcoin

- centralization admit several centers, because it invents them, not discover them. 

centralization = invent a center

decentralization = discover the only center with proof of work, spending energy