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Great to see more cryptocurrency adopting Stellar's Consensus Protocol. Decentralisation and scalability without the environmental impact of proof of work.
by bkolobara 9y ago
Great to see more cryptocurrency adopting Stellar's Consensus Protocol. Decentralisation and scalability without the environmental impact of proof of work.
- CryptoPunk 9y agoStellar is not decentralized. It is federated, meaning a number of trusted third parties act as the intermediary, and eventually, will become the gatekeepers as governments deputize them to enforce their respective laws (e.g. capital controls in China).
- bkolobara 9y agoLike if 90% of mining power owned by 2 companies makes something more decentralised. I would argue that the Stellar Consensus Protocol is more resilient to centralisation than any proof of work one.
- CryptoPunk 9y agoManufacturing GPUs doesn't give a company control over how the buyers use the GPUs. GPUs are by market necessity general-purpose. And all of the full nodes in a decentralized cryptocurrency network like Ethereum will validate the blocks generated by the miners.