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Cryptocoins - I guess you mean that by misusing the term "crypto" - are not "decentralized" just because there is one p2p feature implemented. On the opposite,
by CRM_CHILD_IDENT 3y ago
Cryptocoins - I guess you mean that by misusing the term "crypto" - are not "decentralized" just because there is one p2p feature implemented.
On the opposite, you have ultra-centralized governance and zero democracy.
You should erase the idea from your head that cryptocoins bring anything valuable to the payment world.
- mattdesl 3y agoHow is Ethereum (an open source network) ultra centralized and without democracy compared to PayPal or VISA which currently account for a large portion of Patreon payments?
- CRM_CHILD_IDENT 3y agoYes, it is the same, you are right. That´s the point - no inch more "power to the poeple" via cryptocoins.
- mattdesl 3y agoExcept these are not at all the same, and most users cannot fork or participate in PayPal/VISA protocols.
- AlexandrB 3y agoWhat difference does it make if they can fork or participate? The important decisions are made by Vitalik and a small group of insiders. Do users get any input on anything actually important like the Ethereum fork that bailed out the DAO investors?
- mattdesl 3y agoProtocol and client development spans hundreds of contributors and independent researchers. The discussions and development is public; just look at the EIPs, or even submit one yourself. Users (non-devs) have agency through the software they choose to run. If mainnet was seriously affected by some attack, users could choose to migrate to a healthier network run by honest nodes. This agency happens with every hard fork: the DAO, but also the PoS merge.
- deleted 3y ago[deleted]