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Stellar is not decentralized. It is federated, meaning a number of trusted third parties act as the intermediary, and eventually, will become the gatekeepers as
by CryptoPunk 9y ago
Stellar 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.