The ASIC manufacturing companies can have a huge influence, if they come up with a NEW chip, and then decide to sell only to a select market. The technology will dictate
the direction Bitcoin will be going... The individual users have no more say.
Topic: [2015-09-12] Adam Back on 3 Forms of Centralization That Have Crept Into Bitcoin (Read 439 times)
September 12, 2015, 07:39:30 AM
I think he has this part spot on <--- " Censorship resistance is what separates Bitcoin from other online payment systems, such as e-gold and PayPal, so it’s easy to see why Back believes the preservation of decentralization is of the utmost importance. "
The ASIC manufacturing companies can have a huge influence, if they come up with a NEW chip, and then decide to sell only to a select market. The technology will dictate
the direction Bitcoin will be going... The individual users have no more say.
The ASIC manufacturing companies can have a huge influence, if they come up with a NEW chip, and then decide to sell only to a select market. The technology will dictate
the direction Bitcoin will be going... The individual users have no more say.
September 12, 2015, 03:11:39 AM
At the crux of the block-size limit debate in Bitcoin is an argument between scaling and securing the network. Although raising the block-size limit would allow more transactions to be processed in each block, it could also limit the ability for individuals in some parts of the world to run a full node or participate in the mining process.
https://bitcoinmagazine.com/21915/adam-back-3-forms-centralization-crept-bitcoin
https://bitcoinmagazine.com/21915/adam-back-3-forms-centralization-crept-bitcoin
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