Quote from: uchegod-21 on June 14, 2025, 10:11:04 PM

Quote from: Fivestar4everMVP on June 14, 2025, 09:20:45 PM

Quote from: Ambatman on June 14, 2025, 05:17:15 PM

Quote from: jvaimamu on June 14, 2025, 04:40:03 PM

What if Bitcoin was reimagined today, under modern cryptographic assumptions, using a principled minimalist architecture designed for long-term auditability and zero-trust adversarial environments?

Bitcoin biggest success wasn't because it was decentralized or a digital currency
But because of the financial crisis that took place as the time
That made many realised the flaw of centralization which in turn pushed the need for a decentralized system.

It may have failed or became a centralized system and neglected POW.

Sorry but you are not correct, the decentralized nature of bitcoin have contributed greatly to its success, even you yourself is indirectly saying the same thing, you may actually want to read your comment again, maybe you will understand what you said your self.

The birth of bitcoin during a time of financial crisis which was as a result of centralization made people realize how important and urgent a decentralized solution is needed, fortunately, bitcoin came around at that time and was a perfect decentralized solution, those who understood at the time welcomed bitcoin and embraced it, this was the beginning or foundation of bitcoin's success story, so to say that Bitcoin's success wasn't because it was decentralized is a false statement, decentralization played a valid role in bitcoin's success.

You both are on the same face of a coin but distant apart. It was because of the 2008 global financial crisis that Satoshi got us something that is not centralized. So, Ambatman is saying that bitcoin succeeded because of the flop of the centralized money system and MVP is saying that it is because bitcoin is 100 perfect decentralized, that is why people trusted it.
So, in a nutshell, bitcoin greatest strength is decentralization. Yes, the centralized system would have failed, but if there wasn't an alternative decentralized money, another centralized money would have been created and the system continues.

You are absolutely correct, assuming bitcoin wasn't created, and there was no other decentralized alternative created, centralization would still continue as it was and maybe today, we wouldnt even know the true meaning of decentralization even though the word exists.

A coin has two faces like we all know, and let's assume the financial sector to be a coin, we would say the financial sector has two faces, and before the emergence of bitcoin which brought people to the knowledge of decentralization, people depended on only one face of finance, the centralized side, with majority not even knowing that another side (which is the decentralized side) existed and could be made to work, Satoshi came with bitcoin, which is the decentralized side of money, many doubted it because they lacked understanding, and like I said before, in the midst of this doubt, those who saw the potential in this alternative embraced it, and gradually, bitcoin has continued to recieve support all over the world today because it has proven to be a viable and dependable alternative to centralized money system.