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There is not one entity that controls Bitcoin, thus it is centralized. You can argue about degrees of decentralisation, but it is simply far more decentralised
by samarama 5y ago
There is not one entity that controls Bitcoin, thus it is centralized. You can argue about degrees of decentralisation, but it is simply far more decentralised than FIAT.
You’re creating an impossible standard, a logical fallacy. Dollars can also be tainted with serial numbers, get damaged, be marked with colors.
Again, your argument only consists of logical fallacies.
- matheusmoreira 5y agoNo. It is absolutely centralized. To discover who's really in control of bitcoin, all you have to do is propose an upgrade that improves network but reduces miner profits. This is not an impossible standard nor is it a fallacy. Either it's decentralized or it's not. Either it's fungible or it's not. Bitcoin is neither.
- samarama 5y agoNop, that’s a false dichotomy. As always, it’s a spectrum.