bitcoin is a never ending story.
no one owns the IP rights to the story. and there is no single copy of the story, there are many books. but any person can be part of the story and everyone gets to read that same story and add a new line to the story as long as it fits the story
Topic: A good analogy for Bitcoin? - page 2. (Read 1249 times)
Bitcoin is like a prison without prison guards and a warden. You can reap the rewards if you have enough following (aka hash power).
Perhaps the reason they seem to assume it's centralized is because subconsciously they know it can't be truly decentralized. Like it or not, Bitcoin is a product of the current system. Centralization can never give rise to true decentralization the same way a dog can never give birth to a human, it can only reproduce its own kind.
For the pseudo-decentralization we're talking about here, you can use a number of analogies. For example, the Bitcoin network could be the base of the pyramid where power/weight is distributed across individual blocks as opposed to the top of the pyramid where power converges to a single point.
For the pseudo-decentralization we're talking about here, you can use a number of analogies. For example, the Bitcoin network could be the base of the pyramid where power/weight is distributed across individual blocks as opposed to the top of the pyramid where power converges to a single point.
Often when I talk to people about Bitcoin they ask questions that seem to indicate that they think Bitcoin is centralised, the way that most things are.
Is there a good analogy that one can use in order to illustrate the decentralised distributed nature of Bitcoin?
Is there a good analogy that one can use in order to illustrate the decentralised distributed nature of Bitcoin?
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