Blockchain Centralised | Bitcointalksearch.org

JeffBrad12

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Quote from: JohnyBitcoin on April 12, 2021, 12:35:44 AM

I know people don't like to hear this, but Ethereum is not decentralised. Major decisions, like EIP 1559, the difficulty bombs, etc are made by a small group of people.

Bitcoin is fully decentralised, that's why nobody can change it, but Eth, Polka, Ada, Ripple, etc are controlled by small bodies of people. That is the definition of "centralised control".

For instance, the SEC would not be able to sue Bitcoin, like they have done to Ripple, because with a decentralised currency like Bitcoin, there is nobody to sue. It is fully decentralised.

As far as i know that EIP can be created by anyone but that will need agreement from all parties to deal with the next EIP that will be implemented. I don't even think that already controlled by the small group.
Did you know bitcoin SEGWIT? that scalability solution already implemented to the bitcoin by bitcoin core.

When all of the miners agreed and the improvement proposal can be implemented.

JohnyBitcoin

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I know people don't like to hear this, but Ethereum is not decentralised. Major decisions, like EIP 1559, the difficulty bombs, etc are made by a small group of people.

Bitcoin is fully decentralised, that's why nobody can change it, but Eth, Polka, Ada, Ripple, etc are controlled by small bodies of people. That is the definition of "centralised control".

For instance, the SEC would not be able to sue Bitcoin, like they have done to Ripple, because with a decentralised currency like Bitcoin, there is nobody to sue. It is fully decentralised.

JeffBrad12

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Quote from: JohnyBitcoin on April 11, 2021, 01:33:42 AM

Only 6000+ people control it then. So, a 51% attack would be less centralised than the current situation.
Actually, the USD is less centralised than Ethereum.

The paper money is fully controlled by the bankers and the regulators and how can it less centralized than ethereum?
i think that you must try to make a fair comparison between ethereum and paper money. The bank can print it anytime and the regulators can also use their power to do the same as the bank.
In ethereum anything must have surpassed the consensus by the community to be implemented.

May i wrong about this? tell me your reason dude about that.

kamotharnn

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There are more than 5000+ nodes in the ethereum chain, so no small group has the possibility to control the network. Whenever ethereum needs to upgrade, consensus among people running nodes is essential for processing.

WalkerIVIV

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Quote from: JohnyBitcoin on April 11, 2021, 12:07:40 AM

I'm just trying to understand why people say Ethereum blockchain is decentralised.
Who decides when and how EIP1559 is implemented? When to implement Eth2, etc.
Isn't it just a small group of people controlling it?

Miners will be deciding whether EIP1559 will be implemented or not.
The implementation will be deciding based on the POW governance and in this case all of miners of ethereum in the world will able to vote whether they wanna support the implementation of EIP 1559 or not.
Don't mislead yourself. It's not small group of people controlling it.

There will always be a chance for the collution between miners to happen.

Bttzed03

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There are also groups of people that claims it is a centralized scam. You can also search them on this board. One of the issues is that most of the nodes securing the network are run on cloud like AWS. That makes Ethereum reliant on some private companies.

Quote from: JohnyBitcoin on April 11, 2021, 12:07:40 AM

Who decides when and how EIP1559 is implemented? When to implement Eth2, etc.

AFAIK, there were discussions and voting involved among the ethereum community before the implementation of EIP 1559. Maybe you can call it centralized when it was pushed even though majority of the big miners opposed it.

bittick

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Although the nodes are just few thousands you can run your own as well therefore you can also participate to control the ETH blockchain. It's not like vitalik is in control of the blockchain anyway, most of the time when there's such thing like EIP1599 there's always conflict of interest between the owner of nodes that are spread across the world and remember the each node isn't always owned by 1 person but could be a group.

JohnyBitcoin

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Only 6000+ people control it then. So, a 51% attack would be less centralised than the current situation.
Actually, the USD is less centralised than Ethereum.

virasog

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Quote from: JohnyBitcoin on April 11, 2021, 12:07:40 AM

I'm just trying to understand why people say Ethereum blockchain is decentralised.
Who decides when and how EIP1559 is implemented? When to implement Eth2, etc.
Isn't it just a small group of people controlling it?

Vitalik surely have some influence on the Ethereum Foundation but that does not mean that it is centralized. If you can see in etherscan, there are currently over 6000 + unique Ethereum nodes which are spread everywhere in the world. For this reason, Vitalik can't control the price and no one can stop this ethereum chain and hence it is considered as decentralized.

JohnyBitcoin

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I'm just trying to understand why people say Ethereum blockchain is decentralised.
Who decides when and how EIP1559 is implemented? When to implement Eth2, etc.
Isn't it just a small group of people controlling it?

Topic: Blockchain Centralised (Read 99 times)