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I think cryptocurrency people use the word decentralized correctly, it's just that they often imply "decentralized and trustless". Seems like Stellar doesn's sa
by simias 8y ago
I think cryptocurrency people use the word decentralized correctly, it's just that they often imply "decentralized and trustless". Seems like Stellar doesn's satisfy both conditions.
>This is why Stellar probably doesn't count as a real "blockchain." It's also why Stellar is potentially a lot more useful than blockchain.
It's always the same catch 22 though: if you're willing to do away with one of the attributes of blockchains/cryptocurrencis then you have a rather standard distributed ledger that any half competent engineer could come up with. It's not particularly novel or revolutionary.
Actually I'd even go further and posit than hardly anybody would be talking about Stellar or Ripple if they didn't use buzzwords "smart contract" and "blockchain". This is hype feeding speculation feeding hype feeding speculation...