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Topic: Decentralization? Yeah, right. Bitcoin is not even decentralized. (Read 2425 times)

BlindMayorBitcorn

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Activity: 1260

Merit: 1116

Quote from: sAt0sHiFanClub on February 07, 2016, 12:03:34 PM

Quote from: Lauda on February 07, 2016, 11:47:46 AM

Quote from: sAt0sHiFanClub on February 07, 2016, 11:45:34 AM

I dont know. It all stinks of corporate sellout

So you're trying to tell me that all the developers that signed the roadmap have been bought, albeit Gavin, Garzik and Toomin haven't?

You make that sound like you think it would be ok. They are not the ones with the $76m deal to change bitcoin.

Quote from: sAt0sHiFanClub on February 07, 2016, 11:45:34 AM

didn't PwC say that Blockstream were trying to corner the IP rights to bitcoin? Isnt that what its about?

Never heard of this before. Source?

full pdf here

Right on first page:

Quote

incumbents focus
on protecting their intellectual property as they
explore new collaborative opportunities with
customers

Know any other 'incumbants' that are working with PwC?

This could mean anything. I focus my incumbants all the time. Politics is an ugly business.

mtnsaa

legendary

Activity: 1568

Merit: 1000

There's no thing as decentralized as there's no thing as total freedom. Many users here still believe in utopias and ideal notions of how the world will turn into paradise. Sadly Bitcoin can become a joke if the developers wish to do so in a second. The same as the internet with the SOPA regulation, we were days or even hours away of having a completely censored and regulated internet, think about that, is that easy because for machines and systems to work we still need human beings and human beings are very easy to corrupt.

ThunderThomas

full member

Activity: 210

Merit: 100

fastdice.com The Worlds Fastest Bitcoin Dice

True currently bitcoin is almost decentralized. Big mining farms/pool controlling the network.
In a way they are holding bitcoin hostage by not upgrading the blocksize.

Simply because their internet speed is slow..

sAt0sHiFanClub

hero member

Activity: 546

Merit: 500

Warning: Confrmed Gavinista

Quote from: Lauda on February 07, 2016, 11:47:46 AM

Quote from: sAt0sHiFanClub on February 07, 2016, 11:45:34 AM

I dont know. It all stinks of corporate sellout

So you're trying to tell me that all the developers that signed the roadmap have been bought, albeit Gavin, Garzik and Toomin haven't?

You make that sound like you think it would be ok. They are not the ones with the $76m deal to change bitcoin.

Quote from: sAt0sHiFanClub on February 07, 2016, 11:45:34 AM

didn't PwC say that Blockstream were trying to corner the IP rights to bitcoin? Isnt that what its about?

Never heard of this before. Source?

full pdf here

Right on first page:

Quote

incumbents focus
on protecting their intellectual property as they
explore new collaborative opportunities with
customers

Know any other 'incumbants' that are working with PwC?

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: sAt0sHiFanClub on February 07, 2016, 11:45:34 AM

I dont know. It all stinks of corporate sellout

So you're trying to tell me that all the developers that signed the roadmap have been bought, albeit Gavin, Garzik and Toomin haven't?

Quote from: sAt0sHiFanClub on February 07, 2016, 11:45:34 AM

didn't PwC say that Blockstream were trying to corner the IP rights to bitcoin? Isnt that what its about?

Never heard of this before. Source?

sAt0sHiFanClub

hero member

Activity: 546

Merit: 500

Warning: Confrmed Gavinista

Quote from: Lauda on February 07, 2016, 08:46:51 AM

Quote from: TKeenan on February 07, 2016, 08:41:02 AM

'Liquid' is a scheme whereby Blockstream (vis-à-vis Maxwell) severely encumbers the blockchain capacity with 1MB blocks - so you will have to buy access to their little private sideschains.

Look at all this propaganda. Once you have some concrete proof of something, we can talk.

Quote

Liquid is a commercial sidechain that combines Confidential Transactions and several other Elements to provide high-speed transactions between Bitcoin Exchanges.

It has nothing to do with the users, nor is Bitcoin being capped (Step 1. Segwit).

I dont know. It all stinks of corporate sellout - didn't PwC say that Blockstream were trying to corner the IP rights to bitcoin? Isnt that what its about?

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: TKeenan on February 07, 2016, 08:41:02 AM

'Liquid' is a scheme whereby Blockstream (vis-à-vis Maxwell) severely encumbers the blockchain capacity with 1MB blocks - so you will have to buy access to their little private sideschains.

Look at all this propaganda. Once you have some concrete proof of something, we can talk.

Quote

Liquid is a commercial sidechain that combines Confidential Transactions and several other Elements to provide high-speed transactions between Bitcoin Exchanges.

It has nothing to do with the users, nor is Bitcoin being capped (Step 1. Segwit).

TKeenan

hero member

Activity: 874

Merit: 1000

Quote from: BlindMayorBitcorn on February 07, 2016, 08:33:08 AM

Quote from: sAt0sHiFanClub on February 07, 2016, 08:08:23 AM

Quote from: RawDog on January 09, 2016, 03:17:46 AM

Quote from: franky1 on January 08, 2016, 06:53:33 PM

because they know if people move over to "liquid" then the demand for bitcoin would die.

Liquid is just another alt. And unlike most alts, it is a fucking piece of shit alt that won't work. And they like to say that Bip101 is an alt. Hahahahahaha

Ah, you missed the greatest nugget of comedy gold with Liquid - it relies on Federated servers.. 'Federated' as in 'trusted'. And they claim that a 2Mb bump will lead to centralization? Irony, much?

Can they really think so little of Bitcoin users that they can pass bullshit like this and not expect it to be challenged?

Isn't Liquid a sidechain for corporate types? Who cares what it looks like? Am I wrong??

'Liquid' is a scheme whereby Blockstream (vis-à-vis Maxwell) severely encumbers the blockchain capacity with 1MB blocks - so you will have to buy access to their little private sideschains.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: BlindMayorBitcorn on February 07, 2016, 08:33:08 AM

Isn't Liquid a sidechain for corporate types? Who cares what it looks like? Am I wrong??

It is and you should not care what it looks like. Apparently people who can't stand their ridiculous ideas being rejected by experts. OP links to an article written by Hearn; that does not even deserve a comment.

Quote from: AgentofCoin on January 08, 2016, 05:41:30 PM

The "lighting network" would allow a work around,
whereby merchants and others can finally "sell/buy their coffee",
with a single confirm, and not have to wait 10 mins (or more) for such.

It is not a workaround and the transactions are supposedly near-instant and cheaper than transacting on the main chain.

Quote from: PakistanHockeyfan on February 07, 2016, 04:43:58 AM

Bitcoin is not even close to being regulated by teh government whatsoever. Not very sure why this is a topic.

Because of bias, as always.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: sAt0sHiFanClub on February 07, 2016, 08:08:23 AM

Quote from: RawDog on January 09, 2016, 03:17:46 AM

Quote from: franky1 on January 08, 2016, 06:53:33 PM

because they know if people move over to "liquid" then the demand for bitcoin would die.

Liquid is just another alt. And unlike most alts, it is a fucking piece of shit alt that won't work. And they like to say that Bip101 is an alt. Hahahahahaha

Isn't Liquid a sidechain for corporate types? Who cares what it looks like? Am I wrong??

Dekker3D

sr. member

Activity: 434

Merit: 250

★YoBit.Net★ 350+ Coins Exchange & Dice

Government and banks will have their blockchain so Bitcoin will remain decentralized. However the Chinese are somewhat controlling it die to their large holdings and numbers.

sAt0sHiFanClub

hero member

Activity: 546

Merit: 500

Warning: Confrmed Gavinista

Quote from: RawDog on January 09, 2016, 03:17:46 AM

Quote from: franky1 on January 08, 2016, 06:53:33 PM

because they know if people move over to "liquid" then the demand for bitcoin would die.

Liquid is just another alt. And unlike most alts, it is a fucking piece of shit alt that won't work. And they like to say that Bip101 is an alt. Hahahahahaha

PakistanHockeyfan

member

Activity: 98

Merit: 10

Bitcoin is not even close to being regulated by teh government whatsoever. Not very sure why this is a topic. Not to say I'm trying to insult the topic, but just to say that it is more than obvious that this currency is pseudo-anonymous, and very free from the government.

bitcreditscc

hero member

Activity: 602

Merit: 501

Quote from: Kprawn on January 09, 2016, 03:33:09 AM

At this stage, it is the lesser of two evils... We could have been stuck with the other two clowns and have a government controlled Blockchain, if consensus was reached for that

Alt coin. Roll Eyes

... I would rather give commit access to Pieter Wuille and Gregory Maxwell for now, than offering it up for some police state controlled government.

The community will have the last say.... not the individuals, that is the nature of this beast. Grin

At this point.....they are becoming the government.

Kprawn

legendary

Activity: 1904

Merit: 1074

At this stage, it is the lesser of two evils... We could have been stuck with the other two clowns and have a government controlled Blockchain, if consensus was reached for that

Alt coin. Roll Eyes

Kisleav

hero member

Activity: 1092

Merit: 500

I think it is decentralized, is bit coin xt a fake bit coin network

RawDog

legendary

Activity: 1596

Merit: 1026

Quote from: franky1 on January 08, 2016, 06:53:33 PM

because they know if people move over to "liquid" then the demand for bitcoin would die.

Liquid is just another alt. And unlike most alts, it is a fucking piece of shit alt that won't work. And they like to say that Bip101 is an alt. Hahahahahaha

smoothie

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Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: RawDog on January 08, 2016, 01:33:42 PM

It is actually being overrun and taken over by these two clowns:

•Pieter Wuille
•Gregory Maxwell

"Bitcoin Core: a project run by two men" - Please read this

Blockstream is a disaster for Bitcoin. It is a privately owned company who gained access to the commit access for the Core. Now, they are using that commit access as a blocking tool to cripple bitcoin with 1MB - for the purpose of making their private Liquid system more needed.

This is bullshit.

We need to stack the Core Dev team with guys who aren't working on private projects funded by private interests that have objectives that conflict with a good solid working Bitcoin.

Why do you even give a shit RAWDOG?

Why don't you go do your youtube rants and tell us how you are not going to hold silver anymore and FLIP FLOP on your calls?

Cheesy

European Central Bank

legendary

Activity: 1288

Merit: 1087

I'm too dumb to take in the whole debate. I'm gonna guess that there are a lot of smart people involved and they're not gonna put up with something which screws the whole thing up.

lottery248

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Activity: 1582

Merit: 1006

beware of your keys.

Quote from: BTCBinary on January 08, 2016, 03:50:20 PM

Bitcoin is still decentralized. Unfortunately, as mining is becoming increasingly dominated by large mining corporations the blockchain is being privatized and bitcoin is becoming centralized

+1 because more people wants guaranteed funds.
if we started to centralize the mining power, then the blockchain would risk the centralization.