Post
Topic
Board Bitcoin Discussion
Re: Would it be better for us to call Bitcoin 'psudodecentalised'?
by
Este Nuno
on 19/06/2014, 17:05:06 UTC
With the way mining has evolved and continues to evolve outside of what Satoshi had envisioned

Actually it is evolving almost exactly the way Satoshi had envisioned.  Have you read the things Satoshi has written?

I feel that we should be fair in our description of what Bitcoin actually is. At least at the moment.

Decentralized is a fair description.


I've read a fair amount of Satoshi's posts and I remember that he didn't envision mining pools. He did consider botnets however and he didn't see them as a threat.

If decentralised is a fair description then surely 'trustless' can not be considered fair at this point. Since we're inherently trusting any mining pool with 33% or over not to attempt an attack.

I'd argue that relying on a central point of trust makes the word 'decentralised' a poor descriptor. But it is a distributed network.

And I also agree that it is unlikely that any changes will be made at the protocol level. However I continue to hope that enough people can work together to find solutions and that the dev team will actually implement those solutions.