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Anything other than bitcoin is centralized. (BTW, ETH is PoS so it's inherently centralized despite the number of validators.)

rvnx 3y ago
Moreover, anything running on code coming from a source-code repository that has majority influence from one organization is actually centralized
- GoblinSlayer 3y ago
  How do you know what software people use? How people run asic miners? Is it supported by vanilla bitcoin too?
mufti_menk 3y ago
Even Monero?
- lawn 3y ago
  Of course not, Monero is as decentralized as they come. And with it's ASIC resistant POW it's arguably more decentralized than Bitcoin (and almost all other) POW based cryptocurrencies.
username332211 3y ago
So, if I want to create a decentralized cryptocurrency what should I do? Name it "Bitcoin"?
- siwatanejo 3y ago
  It is impossible to create a decentralized cryptocurrency because it has already been created.
  - username332211 3y ago
    So, the fact someone created something means you can't create another thing of the same nature. I hate to ask you that, but you're trolling, aren't you?
    - siwatanejo 3y ago
      No. See https://news.ycombinator.com/item?id=36952101 https://news.ycombinator.com/item?id=36952101
  - victorbjorklund 3y ago
    That is a silly argument. Guess you also think there only exist one fiat currency because it already exists one so there can't be two of them?
    - siwatanejo 3y ago
      That is the silliest point of all, because the concept of fiat currency is inherently associated with its plurality (given that fiat currencies are born out of countries, and there are many countries), but cryptocurrency, as a concept, came to existence to destroy all fiat. And the only way to do that is via 1 single cryptocurrency: the very first, the only one. And this is better understood once you understand this: https://en.bitcoin.it/wiki/BIP_0300 https://en.bitcoin.it/wiki/BIP_0300 (which is not activated yet, and might never be; but once you understand its purpose, you will understand this HN thread)
- deleted 3y ago
  [deleted]
GoblinSlayer 3y ago
I thought it's the opposite.

rvnx 3y ago

Moreover, anything running on code coming from a source-code repository that has majority influence from one organization is actually centralized

GoblinSlayer 3y ago
How do you know what software people use? How people run asic miners? Is it supported by vanilla bitcoin too?

mufti_menk 3y ago

Even Monero?

lawn 3y ago
Of course not, Monero is as decentralized as they come. And with it's ASIC resistant POW it's arguably more decentralized than Bitcoin (and almost all other) POW based cryptocurrencies.

username332211 3y ago

So, if I want to create a decentralized cryptocurrency what should I do? Name it "Bitcoin"?

siwatanejo 3y ago
It is impossible to create a decentralized cryptocurrency because it has already been created.
- username332211 3y ago
  So, the fact someone created something means you can't create another thing of the same nature. I hate to ask you that, but you're trolling, aren't you?
  - siwatanejo 3y ago
    No. See https://news.ycombinator.com/item?id=36952101 https://news.ycombinator.com/item?id=36952101
- victorbjorklund 3y ago
  That is a silly argument. Guess you also think there only exist one fiat currency because it already exists one so there can't be two of them?
  - siwatanejo 3y ago
    That is the silliest point of all, because the concept of fiat currency is inherently associated with its plurality (given that fiat currencies are born out of countries, and there are many countries), but cryptocurrency, as a concept, came to existence to destroy all fiat. And the only way to do that is via 1 single cryptocurrency: the very first, the only one. And this is better understood once you understand this: https://en.bitcoin.it/wiki/BIP_0300 https://en.bitcoin.it/wiki/BIP_0300 (which is not activated yet, and might never be; but once you understand its purpose, you will understand this HN thread)
deleted 3y ago
[deleted]

GoblinSlayer 3y ago

I thought it's the opposite.