3 ms·
The key word is "our" in "our best engineers". If it is "theirs", it is not decentralized, it does belong to them. It is faster and more efficient exactly becau
by mD5pPxMcS6fVWKE 6y ago
The key word is "our" in "our best engineers". If it is "theirs", it is not decentralized, it does belong to them. It is faster and more efficient exactly because of that. This is the same mistake all private blockchain creators do, they don't understand the connection between mining and decentralization. Bitcoin and Ethereum are decentralized only because of highly inefficient mining.
The key difference between decentralized and centralized is a judge can jail a person (durov) or bankrupt a company (telegram), but she can't do any of these things to a protocol (bitcoin).