Topic: Why do people get upset about bitcoin "being centralized" ? - page 2. (Read 2540 times)

Bitcoin is to be the equivalent of gold, but digital. The things that made gold the standard for money in times past was that it was easily recognized, divisible and was mined from the earth at a set rate.

http://www.youtube.com/watch?v=9LaSrxtWfgc


If you can give someone a dollar, a euro, a yen ( and so forth), pay with it, and walk out of the store without giving a name or number, that means it is generally accepted as "money".  Money is just a means of transfer.


The reason it is bad when groups control the flow of money is because men can not handle too much power.




(https://en.wikiquote.org/wiki/Henry_Kissinger)


These folks start thinking that they are God's gift to humanity, all the while deceived with their own arrogance. They literally are addicted to power. If they somehow lost it I am quite sure they would commit suicide.

But, back to the point. We are created free and independent. We should have money to use that reflects that same truth. That is, it should free and independent.


If you meet some stranger on the street, there should be no external pressure for you to give your name if you dont want to. It should be your choice.


You should be able to choose your own social groups.  If it is evident that the stranger does not have your best interests at heart, and you are forced to give your name, ( by a small group of people you do not even know) you will suffer.


Small groups of people should never control the flow of money of large groups of people. History has sadly shown that they can not be trusted to do what is right.

In conclusion:



I dont know where that quote came from, but if it rings true in your own heart... you should continue to use bitcoin.

Take your pick: Bitcoin remains a rather small, unorganized, economy, or Bitcoin organizes a bit and begins taking steps to move mainstream..

Lets be precise shall we?

Yes the Bitcoin economy has voluntary points of centralization, and that's perfectly fine because all these centralized points will get removed the second they misbehave and can't make a profit anymore.

But Bitcoin itself, as a protocol, until 3 days ago had no points of centralization, especially not such that aren't dependent on profits to exist. Please provide a reasonable way how this self admitted self imposed spokesperson, policy setting, business vetting, intertwined with corporate interest body can be rid of in the future should it misbehave? It can't. If corporate interest throw enough money at it, it can stay around forever, no competition can touch it.

And that's a crucial difference between voluntary for profit centralization around Bitcoin and a self asserted centralization of Bitcoin itself.

It's important to think about how the centralization comes about. There is voluntary centralization and forced upon centralization. The Bitcoin economy has many points of voluntary centralization already and there will be more of them in the future. I don't see that as a major problem. What we need to avoid is the latter.

everytime there should be option, use verified but not anonymous or take it on your own and do it anonymously..

The dev team employs open verifiable processes, making it easy for anyone to fork the code -- or the development team -- and do a better job.

Because we already have a centralized solution, its called Fiat currency controlled my central banking cartels (I use those words exactly, don't assume the meaning, look it up).   


HERE, we are trying something different.

OP, have you stepped outside and opened your eyes recently?

That's why.

There are two sorts of complaints imo:

1. Using that site is a risk because tons of money is all in one place so it's a big target, I'll go somewhere else, do it myself, whatever.

2. OMG that site is trying to CENTRALIZE bitcoin!! Don't use it or bitcoin will fail!!

Only one of those is a reasonable position.

Hello all,

Just a question I asked myself many times, and now I would like to post it here.
While being anonymous does have alot of benefits, but using a currency or money i dont think its a great idea, i get a bit upset when people say "bitcoin is becoming more and more centralized" but its not even true first off, bitcoin (client and protocol) is opensource and still pretty anonymous, its the services in which accept bitcoin's are being centralized, and for good reason they are centralized, I do not know where you other bitcoiners are living from (a fantasy world?) but i live here in earth, and as long as there are humans, there are scammers and thiefs! hell even in world of warcraft there is scamming and thieves, so in there eyes bitcoin is no way different. There will always be scammers and thieves so business like mtgox, and other popular exchangers ARE going to want id to prevent thief or scamming.

What most bitcoiners are thinking is "I send money or bitcoins, and get whatever I want back(paypal, dwolla, amazon gift code ectt..). But if there was no centralization there will be most likely 100 times more scams in bitcoin. 

What if that guy from bitcoinica or bitscapel never showed any id to anyone? you guys would have lost everything you gave them. meaning they go away scott-free and have no worries, but atlreast now thanks to some kind of "centralization" you guys have id and proof of who they are, so you have something to work with to try and get your bitcoins back!

I mean i would agree that bitcoin will be doomed if every bitcoin client connected to for example mtgox servers and all information was stored on THERE server, then yes centralization would not be good for bitcoin.

SO if you dont like providing ID or dont like what a exchange or other site is asking you, then try your luck somewhere else?