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> The only reason people like bitcoin is because of its decentralizness The main reason most people like bitcoin is because of how much the value has appreciat
by Trasmatta 5y ago
> The only reason people like bitcoin is because of its decentralizness
The main reason most people like bitcoin is because of how much the value has appreciated. I would bet that the majority of holders of bitcoin don't actually care about whether it's decentralized or not.
- gregschlom 5y agoAbsolutely right. People care about Bitcoin because it's the get-rich-quick meme du jour. Most people couldn't care less about decentralization.
- wpietri 5y agoFor sure. Two easy checks on this: 1) Are other decentralized things seeing major adoption? 2) Does a cryptowhatever or blockchainwhatever hype target have to actually be decentralized? Or can it just talk about decentralization and carry on?
- deleted 5y ago[deleted]
- fleddr 5y agoBoth statements are not mutually exclusive. I would agree most Bitcoin holders hold it only for financial returns, yet one of the core tenets of it likely/possibly going up in value is the decentralization itself, which enforces scarcity.
- bawolff 5y agoThat's fair, but i also think its fair to exclude them from this discussion since they won't care about space probes or any other technical concern the article talks about. Bitcoin might as well be fancy sea shells for all they care.
- Geee 5y agoIt doesn't matter if people care about it being decentralized. It is decentralized and that's why it's going to stay around.