Topic: If Bitcoin means Decentralisation why did it brought then a centralised (Read 585 times)
July 28, 2019, 09:45:11 AM
Bitcoin is still decentralized and that is way how it's functioning. Still there are always some people who would like to have control, I guess that is the human nature. Some says in crypto world whales are those who want to have control or that already have established it. But I don't think they have such control that they could disturb Bitcoin decentralized system.
April 29, 2019, 04:52:29 PM
and centrally by few humans controlled cryptocurrency index, that discriminates between cryptocurrencies?
isnt that contradicting itself. is bitcoin just a fake decentralisation to earn lambos like the bitcoin hodlers are saying?
in my oppinion yes.
Originally, bitcoin was created to be decentralized. It means that you can do a p2p transaction without other people knowing it. So the bitcoin itself promotes decentralization. It is just that sometimes, there are people manipulating the index, but the bitcoin itself doesn't, the people behind it does. You can compare it to a gaming site. Originally, a fair gaming site have an algorithms that the odds are 50 percent, but there are sites that doesn't promote that, that is why you need to be vigilant in choosing the right gaming site to play with. isnt that contradicting itself. is bitcoin just a fake decentralisation to earn lambos like the bitcoin hodlers are saying?
in my oppinion yes.
February 24, 2019, 07:19:52 AM
and centrally by few humans controlled cryptocurrency index, that discriminates between cryptocurrencies?
isnt that contradicting itself. is bitcoin just a fake decentralisation to earn lambos like the bitcoin hodlers are saying?
in my oppinion yes.
isnt that contradicting itself. is bitcoin just a fake decentralisation to earn lambos like the bitcoin hodlers are saying?
in my oppinion yes.
In my opinion, bitcoin is decentralized and it becomes centralized when you cashing out your money. I say this because we know that bitcoin didn't have a physical appearance and I think the partnership or the conversion of bitcoin to other form of fiat money has nothing to do with the centralization of bitcoin because bitcoin itself has a nature of being decentralized.
February 24, 2019, 01:44:01 AM
Bitcoin is a decentralized virtual currency.
It doesn't have any authority or body controlling it .
Yes I understand the picture you are trying to paint here, although I agree that the whales who bought bitcoin in large quantities then can easily dictate the movement of bitcoin price but I beg to disagree that it's same as having asserting full control over Cryptocurrency.
It doesn't have any authority or body controlling it .
Yes I understand the picture you are trying to paint here, although I agree that the whales who bought bitcoin in large quantities then can easily dictate the movement of bitcoin price but I beg to disagree that it's same as having asserting full control over Cryptocurrency.
February 13, 2019, 01:22:31 PM
and centrally by few humans controlled cryptocurrency index, that discriminates between cryptocurrencies?
isnt that contradicting itself. is bitcoin just a fake decentralisation to earn lambos like the bitcoin hodlers are saying?
in my oppinion yes.
isnt that contradicting itself. is bitcoin just a fake decentralisation to earn lambos like the bitcoin hodlers are saying?
in my oppinion yes.
The few whales who have the majority of BTC right now are the people who took risk and bought BTC at a time when nobody was willing to invest in BTC. They took a risk and are now enjoying the fruit of that risk, its very simple.
just like the ex whales that bought bitcoin at a high like novogratz and lost a lot.
i dont mind, i am afraid
the longer you constantly talk and claim about the bear market the sooner you will be exposed and considered a bunch of losers and no one will want to have something to do with you.
February 13, 2019, 11:32:12 AM
and centrally by few humans controlled cryptocurrency index, that discriminates between cryptocurrencies?
isnt that contradicting itself. is bitcoin just a fake decentralisation to earn lambos like the bitcoin hodlers are saying?
in my oppinion yes.
isnt that contradicting itself. is bitcoin just a fake decentralisation to earn lambos like the bitcoin hodlers are saying?
in my oppinion yes.
The few whales who have the majority of BTC right now are the people who took risk and bought BTC at a time when nobody was willing to invest in BTC. They took a risk and are now enjoying the fruit of that risk, its very simple.
February 13, 2019, 10:55:34 AM
well get used to these numbers then, because there are many token that have a many billion usd marketcapitalisation.
your "bitcoin" becomes a brand or whats even worse. potential future mickey mouse money.
your "bitcoin" becomes a brand or whats even worse. potential future mickey mouse money.
What? Can you name those "many" tokens? As of now only BNB is the one and only token we have right now(that will soon have it's native blockchain) that has reached $1Billion in marketcap(in today's prices at least).
And don't throw out the Coinmarketcap centralized crap. You can check other sites as well.
February 13, 2019, 10:49:01 AM
Bitcoin alone still on its target and created for.
The problem is the middle of the transaction which is the exchange.
They are the one and not the bitcoin!
The problem is the middle of the transaction which is the exchange.
They are the one and not the bitcoin!
February 13, 2019, 10:15:11 AM
It seems that you have to understand the meaning of decentralization both bitcoin and alternative coin, if you say decentralization of bitcoin is fake then you are thinking about the market and price. You should look at the bitcoin chain network based on the activity of nodes, even if bitcoin is really centralized then surely many hackers disrupt the price of bitcoin. The disadvantage of only one bitcoin, who is strong or has a lot of money, it is he who can manipulate the market. I think you must learn to understand technology so that your fear of new technology can be eroded.
February 13, 2019, 09:40:06 AM
i give you a good advise, liberalise that index, let everyone list the stuff he wants, make it open.
The "index" is already liberalized, anyone can create a listing of cryptocurrencies such as Coinmarketcap.com.
If you have the skills, code it. If you have the money, hire someone. If you have neither, gain some community traction.
If you feel like Coinmarketcap.com is biased or not fitting your needs, create a service of your own. If you feel like more than 2000 coins and tokens -- some of which have a 24h volume in the single digits -- are not enough, there's nothing stopping you from creating a wiki-style coin market cap website.
February 13, 2019, 05:58:27 AM
Bitcoin itself is decentralized. All other cases of its centralization are the work of other people. Bitcoin keeps its idea, and I hope it will continue.
Thats right, the centralization that you see is outside of bitcoin, like exchanges, online wallets or other third parties, it is not included in the internal of bitcoin. Bitcoin remains a keep on this decentralized system
February 13, 2019, 05:31:18 AM
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well get used to these numbers then, because there are many token that have a many billion usd marketcapitalisation.
your "bitcoin" becomes a brand or whats even worse. potential future mickey mouse money.
I really don't understand what you argue against or for here.
Are you saying that token is better than bitcoin or is another shitcoin made by the satanic indexoreptilians?
And I haven't managed to get single info on that token of yours...do you have a link to some ann or anything else?
You really seem to be mad at anything in this world and seriously, you're not helping anybody around here with that combined attitude of all-knowing god and goddess of ignorance.
February 13, 2019, 05:18:33 AM
it has a stable value because all those that got it airdropped can't sell it.
it can have a huge marketcapitalisation, potentially even bigger than bitcoin, depends on the manipulation the issuers have executed with it.
it can have a huge marketcapitalisation, potentially even bigger than bitcoin, depends on the manipulation the issuers have executed with it.
My socks are worth 100 trillion because
a) Nobody else but myself can sell them
b) I won't sell any below 1 trillion
c) Yeah, I do have around 50 pairs and no I'm not insane.... I think
well get used to these numbers then, because there are many token that have a many billion usd marketcapitalisation.
your "bitcoin" becomes a brand or whats even worse. potential future mickey mouse money.
February 13, 2019, 05:17:25 AM
A project can be decentralized in term of the development but when it become adopted by third party, they introduced it into centralized system in order to have control over the system. this is exactly what is happening to bitcoin. The developer (i.e Satoshi) is not even known but people make use of his discovery and turned it to what they can control. This is exactly what we are witnessing in many exchange platform today but research have also shown that people prefer centralized exchange platform than decentralized one.
get used to the bearmarket, it wont end anytime soon,
https://twitter.com/naashonomics/status/1095038153826566145?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1095038153826566145&ref_url=https%3A%2F%2Fwww.ccn.com%2Fbitcoin-analysts-explain-why-crypto-bear-market
who the hell cares about your ad banner called "cryptocurrency index" with whom you are looking for billionaires to bribe on.
in my oppinion a fatal mixture.
February 13, 2019, 05:16:12 AM
it has a stable value because all those that got it airdropped can't sell it.
it can have a huge marketcapitalisation, potentially even bigger than bitcoin, depends on the manipulation the issuers have executed with it.
it can have a huge marketcapitalisation, potentially even bigger than bitcoin, depends on the manipulation the issuers have executed with it.
My socks are worth 100 trillion because
a) Nobody else but myself can sell them
b) I won't sell any below 1 trillion
c) Yeah, I do have around 50 pairs and no I'm not insane.... I think
February 13, 2019, 04:27:23 AM
A project can be decentralized in term of the development but when it become adopted by third party, they introduced it into centralized system in order to have control over the system. this is exactly what is happening to bitcoin. The developer (i.e Satoshi) is not even known but people make use of his discovery and turned it to what they can control. This is exactly what we are witnessing in many exchange platform today but research have also shown that people prefer centralized exchange platform than decentralized one.
February 13, 2019, 03:28:08 AM
when you bend the definition of words then you can satisfy any meaning you like and here you are bending the meaning of decentralization to satisfy your own needs and unknowingly you are centralizing everything to some listing that you have inside your head.
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!
well i am helping you to develop this market. dont you want to develop the market?
if you dont liberalise that index, you will continue to suffer under a bear market and distrust.
you are not helping anyone or anything. you have just created a vague topic discussing an ever vaguer concept. what "index"?
and it is not going to change anything in the market. if something is innovative and useful enough, then it doesn't have to worry about the market and the bear mode and anything like that. that thing will grow on its own as long as it offers utilities but when things are useless (such as most altcoins) they need to be "indexed" somewhere the dictates which coin is number 2 and which one is "top" coin based on their broken ranking system.
ofc i am helping you,
i am telling you that that "index" you are running is in truth not a real index, its a marketing ad, or a popup banner. nothing else.
thats why its not working anymore. and no one trusts the market.
February 13, 2019, 03:26:16 AM
when you bend the definition of words then you can satisfy any meaning you like and here you are bending the meaning of decentralization to satisfy your own needs and unknowingly you are centralizing everything to some listing that you have inside your head.
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!
well i am helping you to develop this market. dont you want to develop the market?
if you dont liberalise that index, you will continue to suffer under a bear market and distrust.
you are not helping anyone or anything. you have just created a vague topic discussing an ever vaguer concept. what "index"?
and it is not going to change anything in the market. if something is innovative and useful enough, then it doesn't have to worry about the market and the bear mode and anything like that. that thing will grow on its own as long as it offers utilities but when things are useless (such as most altcoins) they need to be "indexed" somewhere the dictates which coin is number 2 and which one is "top" coin based on their broken ranking system.
February 13, 2019, 03:20:28 AM
when you bend the definition of words then you can satisfy any meaning you like and here you are bending the meaning of decentralization to satisfy your own needs and unknowingly you are centralizing everything to some listing that you have inside your head.
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!
well i am helping you to develop this market. dont you want to develop the market?
if you dont liberalise that index, you will continue to suffer under a bear market and distrust.
and it will get even worse you will become the "buh men"
because people subconciously will taste your agenda.
February 13, 2019, 03:11:23 AM
when you bend the definition of words then you can satisfy any meaning you like and here you are bending the meaning of decentralization to satisfy your own needs and unknowingly you are centralizing everything to some listing that you have inside your head.
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!
when you say "let everyone list the stuff he wants" you are centralizing it to that list and then complaining why they don't let you list your stuff!
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