Centralization defeats the purpose of having a blockchain though
You can always shift away from the notion. once the technology is sufficiently advanced and the administration has served it's purpose, they can just take their bags and go. In fact I don't see Vitalik letting the consortium be indefinite, it doesn't seem like him.
I think it's better to do that then to stick with the (actually extreme) notion that your v1.0 transacting technology is fine just the way it is and doesn't need to be iterated on when it's feature barren
? never heard abt this
eh just speculation
Guy went off the deep end in that Hindu shit
Consider this notion: if you don’t care about decentralization then what benefits does a blockchain have? It is just a larger, slower form of a database and more expensive to push transactions through. If you don’t mind centralization why not just go back to payment processing authorities like a central bank, PayPal or anything of that nature which have the capabilities to process far more transactions far quicker than any current blockchain is capable of doing currently
so in my opinion, if you’re working in the crypto space and you’re not offering solutions towards additional decentralization and improving existing systems of decentralization and instead go the easy route of centralizing a blockchain or any part of a coin, token, whatever you want to call it then you’re simply looking to create a payment processor like PayPal but using blockchain specific technology simply to build hype and value in a project that otherwise would just be considered another online payment processor and lack any real value
Bro I'm not reading that
Not for you to read, day trader
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Jdance is the worst of the worst a crypto speculator
Bro I don't day trade lol
You're a strange boy
again, more maximalist logic imo. blockchain and decentralization is important and is the goal and is obviously what the technology does (removing all barriers to entry). reducing time to transact is fine and a worthy endeavor but when youre developing a technology that is made to have things develop on top of it, being able to grow your technology to service the people who program on it is significant.
theres also obvious arguments against Paypal and central banks. Neither allow you to bank money in a way that hedges against inflation. Both toger use likely many times more energy than what Bitcoin uses. Neither allow people to build technology on top without express permission that can be revoked at any time
Sept 6, 2021 — Bitcoin mining consumes 0.5% of all electricity used globally and 7 times Google's total usage, new report says
arent you the dumbass that disavows big news outlets when they try to find fault to protect their shareholder's interests
that shit is actually so annoying to read because bitcoin energy usage is all public knowledge due to the tech and resource consumption is largely a very private manner because it's anticapitalist
Now do the banking system!
plasma being stupid has really lost its shine
government cracking down on crypto instead of having publicly traded companies disclose their internal nonrenewable energy usage (in 2021 on the edge of an environmental nightmare) 