We need decentralisation and we need it now. - page 2.

mindrust

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Quote from: freedomgo on November 22, 2016, 03:59:13 AM

No other crypto currency can beat the benefits of using bitcoin, it's its platform so we can use it as it is more trusted than the others.

Even ethereum started to fail lately. They promoted that shitcoin like crazy but no matter what they do/done it will share the same fate with litecoin= weak volume, low price=dead. Look at zcash scam, lol. It didn't even survive a week! Already dead.

Bitcoin is the original and always will stay as no:1

mirakal

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Quote from: xdrpx on November 23, 2016, 01:36:17 AM

I'm sure several other altcoins play a major role in support of a decentralized currency, but I'm in favor of Bitcoin. A decentralized currency should be de-monopolised and free from any Government control, however, it's not always possible as Governments of certain nations can regulate and control as well as ask Personal KYC information of users to tax Bitcoin purchases and sales as Income tax.

Bitcoin has privacy if learned to use without linking your personal details to the purchases you've made. Make purchases to an official address for delivery. Also, keep in mind that decentralization is only good as long as people don't come up with an agenda to make it available to only a particular group and hold control in that group.

As long as you are not purchasing for illegal activities you have no liability with the government, it's decentralize since it's the nature of bitcoin and we could expect more companies to accept bitcoin in the future. The tax angle is just fine as though we are anonymous the company that legitimately operates will have to pay taxes.

groll

sr. member

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Quote from: MingLee on November 22, 2016, 08:54:10 PM

Quote from: nextgencoin on November 20, 2016, 03:14:29 AM

Decentralisation isn't some cool idea its now a necessary tech we need for free speech to continue in the west. Twitter and Google are showing how they can clamp down on dissent even in their own countries.

What are our current options?

Synero?

ZCash?

We don't need to change what we're using. At all. The current system is fine and I doubt many (or any) people have an issue with what we currently do when it comes to the system.

While the need for decentralization for more industries is becoming more interesting and in-demand, Bitcoin is not something that is in danger of being censored. Your social media is at risk if anything.

I agree. Bitcoin is doing fine and we don't need to worry about decentralization thing because bitcoin has been and will always be in this form for it was designed this way by it's creator. For me, we don't need to jump out of bitcoin and go with other altcoins because bitcoin has been guaranteed to be safe and the transactions made out of it is not being traced by anyone in the community. We're all safe in bitcoin.

xdrpx

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I'm sure several other altcoins play a major role in support of a decentralized currency, but I'm in favor of Bitcoin. A decentralized currency should be de-monopolised and free from any Government control, however, it's not always possible as Governments of certain nations can regulate and control as well as ask Personal KYC information of users to tax Bitcoin purchases and sales as Income tax.

Bitcoin has privacy if learned to use without linking your personal details to the purchases you've made. Make purchases to an official address for delivery. Also, keep in mind that decentralization is only good as long as people don't come up with an agenda to make it available to only a particular group and hold control in that group.

Slark

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Quote from: nextgencoin on November 20, 2016, 03:14:29 AM

ZCash?

Zcash is just bitcoin reskin with added advanced privacy features and fancy algorithms which prevents usage of ASICs to mine the coin. Nothing more and nothing groundbreaking.

Why almost everyone identify anonymous coins such as Monero, Komodo, Dash, Zcash, Zerocoin, VCash or ShadowCoin with decentralization and expect that this will be cure for everything?

MingLee

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Quote from: nextgencoin on November 20, 2016, 03:14:29 AM

Decentralisation isn't some cool idea its now a necessary tech we need for free speech to continue in the west. Twitter and Google are showing how they can clamp down on dissent even in their own countries.

What are our current options?

Synero?

ZCash?

We don't need to change what we're using. At all. The current system is fine and I doubt many (or any) people have an issue with what we currently do when it comes to the system.

While the need for decentralization for more industries is becoming more interesting and in-demand, Bitcoin is not something that is in danger of being censored. Your social media is at risk if anything.

yayayo

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Quote from: nextgencoin on November 20, 2016, 03:14:29 AM

Decentralisation isn't some cool idea its now a necessary tech we need for free speech to continue in the west. Twitter and Google are showing how they can clamp down on dissent even in their own countries.

What are our current options?

Synero?

ZCash?

Bitcoin?

As long as the Andresen/Hearn/Ver does not succeed with their disinformation campaign in convincing miners to support excessive block sizes, Bitcoin remains highly decentralized.

I think you are conceptually mixing decentralization and free speech/privacy. Bitcoin is primarily a currency, not a communication platform (although it can be and has been used for this purpose as well). There are several other decentralized networks under development which are better suited for this purpose, such as MaidSafe/Mega (both supporting Bitcoin in one way or another).

I agree that Bitcoin's privacy must be improved in the medium / long term to remain resilient against attacks by the elites in charge. Blockchain analysis, blacklisting coins and other coercive KYC/AML despotism could become a serious threat for Bitcoin's fungibility and might undermine its use.

ya.ya.yo!

Yakamoto

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We need increased decentralization, probably, however changing out the currency being used completely isn't a useful course of action. You have to find ways to fix the issue you're experiencing before you completely toss whatever it is you have available to you away.

What is it that you feel we need to decentralize more? Mining? Development? There has to be more than "we just need more".

tabas

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I don't even think that some other projects or alt coins will replace bitcoin. And for the decentralization idea, it came all from bitcoin. Why not just stay in bitcoin and just use those alt coins for trading or if you want to you can also hold it if you believe they will be as the same as bitcoin. For bitcoin is not even on your choice.

iamTom123

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Yes, of course, as of now we are enjoying the decentralization benefits as accorded by Bitcoin and other cryptocurencies. However, nothing is perfect in this world and anything we thought can be fool-proof may not be 100% as it should be when exposed against the barrage of human nature. I am sure that this whole thing is also evolving so we can expect more improvements and innovations along the way.

TastyChillySauce00

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bitcoin just already have the decentralisation system and as you said that you need it,then you got it because you're now on the right forum
so i encourage to use bitcoin and choose it

Quote from: freedomgo on November 22, 2016, 03:59:13 AM

No other crypto currency can beat the benefits of using bitcoin, it's its platform so we can use it as it is more trusted than the others.

you can't know whether another coins could take over bitcoin's place or not and can't predict it but for now it's indeed that bitcoin is the best option around by its popularity and its usability

freedomgo

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No other crypto currency can beat the benefits of using bitcoin, it's its platform so we can use it as it is more trusted than the others.

goldcoinminer

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Why still look for other kind of coins, are you not seeing it with bitcoin. By looking for a decentralization, it's not only the concept or platforms that matters but the stability as well and only bitcoin has a good economy now and it's progressive.

panju1

legendary

Activity: 1246

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Decentralization as in larger block size would lead to centralization?
Bitcoin, in its current avatar, is pretty decentralized.
As for free speech, you have the internet and dark web. Google and Twitter may be centralized organizations, but the internet isn't.

Fortify

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Err.. Bitcoin brought about the whole "decentralisation" idea. It is vulnerable to a 51% attack but I don't think any alternative currency has found a way around that and it's usually best to stick with the biggest player in the market. Maybe you could explain why you think Synero and ZCash are better options?

nextgencoin

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Decentralisation isn't some cool idea its now a necessary tech we need for free speech to continue in the west. Twitter and Google are showing how they can clamp down on dissent even in their own countries.

What are our current options?

Synero?

ZCash?

Topic: We need decentralisation and we need it now. - page 2. (Read 1121 times)