From: Milly Bitcoin <milly@bitcoins•info>
To: bitcoin-dev@lists•linuxfoundation.org
Subject: Re: [bitcoin-dev] Your Gmaxwell exchange
Date: Mon, 31 Aug 2015 20:02:15 -0400 [thread overview]
Message-ID: <55E4EB07.1040305@bitcoins.info> (raw)
In-Reply-To: <a02ace48700ff443b8904f14b23486c4@cock.li>
> Bitcoin is a decentralized currency which allows any person the
> ability to transact in a way that does not require specific trust in
> any particular party.
Bitcoin is only a partial solution to the Byzantine general problem.
Users do need to trust that things such as mining and development
systems work as intended. Once the user trusts those systems only then
is the state of the ledger trustless. Just because the state of ledger
is decentralized due to mining that does not automatically mean
everything associated with Bitcoin is "decentralized." (Some people
actually claim reddit is decentralized because users can vote. That
would mean the US government is also decentralized since there are
elections but i don't think most people would agree with that definition.)
Centralized and decentralized system are not intrinsically good or bad.
Each one has it use cases just like a hammer and a screw driver.
Claiming otherwise is treating Bitcoin a as religion rather than a
technology.
Russ
next prev parent reply other threads:[~2015-09-01 0:02 UTC|newest]
Thread overview: 35+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-08-31 20:06 Monarch
2015-08-31 20:27 ` Justus Ranvier
2015-08-31 20:48 ` Monarch
2015-08-31 21:24 ` Allen Piscitello
2015-08-31 21:42 ` Monarch
2015-08-31 21:54 ` Justus Ranvier
2015-08-31 22:53 ` Monarch
2015-08-31 23:24 ` Justus Ranvier
2015-09-01 0:02 ` Milly Bitcoin [this message]
2015-09-01 9:25 ` Jorge Timón
2015-08-31 23:32 ` Peter R
2015-08-31 23:47 ` s7r
2015-09-01 2:16 ` [bitcoin-dev] Let's kill Bitcoin Core and allow the green shoots of a garden of new implementations to grow from its fertile ashes Peter R
2015-09-01 2:25 ` Gregory Maxwell
2015-09-01 8:42 ` Adam Back
2015-09-01 10:16 ` Chris D'Costa
2015-09-01 11:20 ` Monarch
2015-09-01 12:24 ` Wladimir
2015-09-01 22:06 ` s7r
2015-09-01 11:44 ` [bitcoin-dev] Your Gmaxwell exchange Monarch
2015-09-01 11:11 ` Monarch
2015-09-01 15:59 ` Dave Collins
2015-09-01 16:51 ` Monarch
2015-09-01 18:37 ` Eric Voskuil
2015-09-01 20:08 ` Monarch
[not found] <CAEgR2PFB3h_8fr=d8HegRSD0XdooimhFKtLR4vKr2QXv+EwBfQ@mail.gmail.com>
[not found] ` <AD284610-4F40-445C-A074-CC94EDFFCBA8@gmx.com>
2015-08-30 3:25 ` Gregory Maxwell
2015-08-30 4:13 ` Peter R
2015-08-30 4:57 ` Gregory Maxwell
2015-08-30 6:38 ` Adam Ritter
2015-08-31 18:55 ` Justus Ranvier
2015-08-31 19:11 ` Mike Hearn
2015-09-01 20:29 ` Wladimir J. van der Laan
2015-09-02 18:51 ` Justus Ranvier
2015-09-01 2:30 ` Oliver Petruzel
2015-08-30 7:41 ` Peter R
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