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But isn’t the dream to have some distributed system that no one can control? As an outsider looking in and comparing to the perceived values, this is yet anothe
by 2muchcoffeeman 5y ago
But isn’t the dream to have some distributed system that no one can control? As an outsider looking in and comparing to the perceived values, this is yet another reason crypto is not worth your attention.
- po1nt 5y agoI don't believe total decentralization is possible. Yet still this ratio is a little unsettling. This issue is not limited to bitcoin but all the cryptocurrencies. But I believe it's still better than to have single party control the whole currency.
- More-nitors 5y agowell wasn't the dream about "no-fee transactions"? "no one can control" means: 1. you can't get bail-outs from phishing/fraud/mistakes (there are card companies/banks that actually provide this service) 2. combined with anonymity, means more wiggle-room for tax-evasion/black-market... (though if you look carefully, you'll have to 'financially-dance' a lot to get actual anonymity in bitcoin... all transactions are logged, right?)