I’ll try to explain better. For tech to be fully decentralised it has to be available (ie: opensourced, free, etc) AND people must be able to change it.
I chose Linux as a comparison because its a million lines of code that not many have the time or skill to properly review or change.
For crypto in general the tech is so insanely complicated that its centralised around the few people who have those skills - I don’t think that can be fixed unless the world gets a lot smarter (unlikely).
Totally agree on the tech site. But i guess the decentralization aspect wasn’t focused on the tech side, but more but nobody else was aware, nobody else was asked, nobody else has taken part in whatever decision making …
Or to sum it up: The less people make a decision, the more centralized it is. Just my interpretation of “centralized”.
So you are confirming that your statement above is just an opinion?
You should point that out and stop acting so bias when giving anwsers. Nothing wrong on being mad about the ASIC situation, but stating that most asic miners are selling all their coins and bringing down the price is just pathetic.
Right now, after 4h @SPinSin asked “why is zcash showing just 1.93%?”, ZEC is currently 4% over BTC, while Monero (example) is only 0,41%. What happend now? ASIC miners just bought back at a higher price?
with just 5.2million coins in circulation,if miners and founder/investors start to hold off selling even a decent amount of new issuance, the price will shoot through the roof imo.
^.^ the price moves up when people like myself are done accumulating. ASIC miners are being fleeced by traders. these rockets are filling fast!! hold tight, kiddo!
Let’s not get carried away, most of the folks in the forum have a lot of catching up to do,hope the gas last Long enough that most if not all turn to green.
