Quote from: madalieninvader on August 15, 2014, 07:01:12 PM

Quote from: jokumat on August 15, 2014, 06:50:55 PM

Quote from: Nautica on August 15, 2014, 06:06:55 PM

That actually confirms the decentralised nature of it. Nobody in particular can choose to roll back, that has to be reached through a democratic decision built through a decentralised consensus. It's the very definition of decentralisation. What you are talking about is Laissez-Faire politics, where you just don't care about stopping the thief.

Quote from: Este Nuno on August 15, 2014, 06:06:57 PM

I don't necessarily support rollbacks. But as we've gone over many times in this thread, a group of miners/forgers deciding on what chain to continue on is clearly decentralised. Just because you don't like an idea doesn't mean you can just apply an erroneous label to it.

well in your understanding
centralized=decision of one person or maybe a few of persons
decentralized= decision of many people, majority wins

in my understanding
decentralized= individual decision of each and every person about their own property within the limit of given rules (code)
centralized= anybody (be it one person or many persons) can make arbitrary decisions about anybody elses's property

the whole purpose of Bitcoin or any other decent crypto as a technical solution is to guarantee that nobody can make arbitrary decisions about anybody else's property. This is why I am ready to call them decentralized solutions. Everybody has to follow the same rules. Majority of hashing power is used as a best way to prevent attacks, best incentive to stick to the code. But in your undestanding one specific majority can make arbitrary decisions.

whatever the result of the vote, I have serious misgivings about cryptocurrencies - just an existence of such a vote is bad

This is what I've been trying to say but didn't know how. I'm not technological and economic ninja but I don't think this is insurmountable problem.

I hope it's not an insurmountable problem. If it is maybe we have to choose between lesser of two evils. Have our finances dominated by governments, central banks, and tyrannies of majorities, or dominated by a majority of miners/stakers/forgers with developers having a lot of pull.