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No, Bitcoin is decentralized. One possible path in the future might be to centralize it for a time, then decentralize again. The author claims that only the o
by wccrawford 15y ago
No, Bitcoin is decentralized. One possible path in the future might be to centralize it for a time, then decentralize again. The author claims that only the original creators could do this, but that's not necessarily true, either.
He brings up a valid concern, but the linkbait title doesn't do it any justice because everyone will be focused on the technical aspects where he's talking about socio-economic problems.
- ezyang 15y agoI make a stronger claim then that, which is that Bitcoin must perform a transfer in the future, and that if this transfer is to be non-disruptive, it must be done in a centralized fashion. I will admit I debated over the title for some time, but I decided I wanted to emphasize Bitcoin as a succession of protocols, not the current one, which is a hopelessly myopic perspective.