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Topic: Would it be better for us to call Bitcoin 'pseudo-decentralised'? - page 2. (Read 2696 times)

legendary
Activity: 826
Merit: 1000
amarha
Do you think it would be more intellectually honest if we as a community stopped calling Bitcoin a decentralized digital currency?

When Bitcoin started out the majority of people called it an anonymous cryptocurrency. And it took a little while for people to correctly refer to it as pseudonymous.

With the way mining has evolved and continues to evolve outside of what Satoshi had envisioned I feel that we should be fair in our description of what Bitcoin actually is. At least at the moment. Hopefully changes are made at the protocol level. But for now this is the reality.

This should also apply to any altcoins that share a similar model. I don't know if there are altcoins out there that could call themselves truly decentralised, but the ones that are traditionally mined are probably even more centralised than Bitcoin.
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