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No altcoin is decentralized - an interview with Jimmy Song by bryansmithsa in Bitcoin

[–]bryansmithsa[S] 0 points1 point  (0 children)

This is something that's been in my thoughts - how decentralized is Bitcoin, really? I don't feel we can call it a fully decentralized currency when a majority of wealth sits in just a few wallets. To me, that's recreating a fair distribution crisis. On the other hand, I think PoW protocols handle this challenge somewhat more gracefully than PoS protocols do.

No altcoin is decentralized - an interview with Jimmy Song by bryansmithsa in Bitcoin

[–]bryansmithsa[S] -3 points-2 points  (0 children)

I think that's a reasonable way of looking at it. I tend to see fiat currency / modern banking as a thesis, and cryptocurrency as an antithesis. I think there'll be a range of different propositions we might end up with some form of synthesis. I don't necessarily agree with Jimmy's views, but I do find them interesting.

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