Cryptocurrency
Cryptocurrency
Out of context: Reply #370
- Started
- Last post
- 862 Responses
- neverscared0
wow so much decentral
- https://www.wsj.com/…neverscared
- is this all you do all day? fixate on shit you don't like?inteliboy
- only if iam affected by it through enviromental destruction.neverscared
- what are decimal places?shapesalad
- its also two dumbass questions u come up with.. but i wouldn´t expect it different from a cryptobro.neverscared
- but i guess u like that numbers a lot.. are u one of the 0.01% ? otherwise u must be not the brightest....neverscared
- that's not what centralized/decentra... means, thoughmonospaced
- one of the meanings. the meaning when argument of power of a few with fiat money comes in play in comparison with crypto..the centralisation of power is worseneverscared
- the btc decentral stuff is pretty crap . considering theres one ledger.neverscared
- Techno feudalismgrafician
- "fixate on shit you don't like?"
hate is an equal source of dopamine as love, two perfectly human emotions, embrace your shadow sidedrgs - Centralized banking means one entity produces and distributes all money. Has nothing to do with who holds most of it, unfortunately.monospaced
- Bitcoin is mined by people everywhere, therefore it's not centralized. It's traded freely on many exchanges, also not centralized. Sorry :)monospaced
- i hope u have some data to back that up mono.. paper states that the production is centralizedneverscared
- https://papers.ssrn.…neverscared
- 50% of mining from 0,1% of miners.. tell me how you would call that except central ?neverscared
- hate is a strong word... i don´t like it is better .. the greed and ecological destruction part i should hate i guess.. because its so toxic.neverscared
- 10% controlling 90% of production... would not call that decentralized production .. but if u think it is ...go ahead.neverscared
- lol, back up THE definition of a centralized bank? I don't have to.monospaced
- Just because some miners have the majority doesn't mean it's centralized or that they are controlling thingsmonospaced
- This screenshot didn't say that 10% of miners "control" 90% of production. And if that's true, who's to say those 10% are connected?monospaced
- They certainly can't stop anyone else from minimng, and if they themselves stop mining, production elsewhere continues. Cheers :)monospaced
- “In circulation” lol WSJ represents the old guardnb
- but there is still hope ... like in a lot of the early btc are dormant and keys in posession of the coders. who can counter an attack by the fbi or other bad guysuan
- .01% is like 10,000 people.DRIFTMONKEY
- of course the coder could totally be a super evil guy with a master plan...let‘s see how it goes in the next yearsuan
- "U.S. officially the top destination for bitcoin miners, beating out China for the first time"grafician
- https://www.cnbc.com…grafician
- "One-third of bitcoin's hashrate is in the U.S., according to the Cambridge Centre for Alternative Finance, a 428% increase from September 2020"grafician
- So BTC CAN BE decentralised, BUT technically IT'S RATHER NOT!grafician
- ...in mining and also owning, pretty sure those 001% are mostly Americans
so yeah, keep arguing crypto is still "decentralised" in 2022 lolgrafician - would have guessed that mono is trashing experts .. since he is so proud when the coronavirus comes into.. but when the MIT says its centralised ..neverscared
- its not for you.... wouldnt have guessed i mean.neverscared
- fuck the researchers then .. i back what they found out... u back some fantasy numbers .neverscared
- its the concentrated technology power of course.. thats why 10% mine 90%... ,neverscared
- I'm not trashing experts. I'm just disagreeing that it's centralized because. It certainly has some imbalance, but it's not central by strict standards.monospaced
- I certainly didn't present any numbers, fantasy or otherwise.monospaced
- Technically, ANYONE can mine BTC, there is no restriction on that like there is with actual centralized banks, that won't allow anyone else to print money.monospaced
- yes, u just blurted out some crap without numbers...neverscared
- with a few holding that much its not decentralized .. every idiot understands that.neverscared
- That’s more concentrated wealth than the 1% of affluent Americans who currently control about one-third of U.S. dollars, a figure that many have pointed to as aneverscared
- massive inequality. 100 times more than FIATneverscared
- What I "blurted" isn't crap. You're saying that the concentration is centralization, and I'm saying that's not the definition.monospaced
- The fact that anyone can mine isn't crap, it's a fact. That's the big difference from an actual centralized bank. Cheers.monospaced
- I'm not saying that your numbers are bullshit, either. Please don't make that misunderstanding.monospaced
- "The fact that anyone can mine isn't crap, it's a fact." - monospaced
then go buy a miner and let's see how much bitcoin can you mine on your own :)grafician - dont u get it ? the bitcoinbros always say they wanna replace FIAT with their systems because its decentralized in power.. turns out their own system is 100neverscared
- ^oh wait, you can't really buy ONE miner, you need to wait months or years to only buy thousands, that IF with the big chip shortagesgrafician
- times more imbalanced aka centralized to the top then the system they want to replace... the decentral stuff that eveyone can mine is useless in relation.neverscared
- @neverscared bro stop arguing with idiots like monoscaped, who only crash discussions to antagonise people without adding nothing usefulgrafician
- no mono is not an idiot...neverscared
- maybe just missinformed.neverscared
- yes, the mining is concentrated but the say its not.... brainwashing in 101.neverscared
- The concentration of miners is even more profound, data show. NBER found that the top 10% of miners control 90% of the Bitcoin mining capacity, and just 0.1%neverscared
- control 50% of mining capacity. https://fortune.com/…neverscared
- since you are so paranoid i feed u lying numbers . u can read them at the fortune article. or in the paper the MIT released.neverscared
- https://imgur.com/t/…_me_
- https://c.tenor.com/…neverscared
- i agree with _me_ , the age of the old people in expensives places in the theater ..symbolize perfect the old, aristocracy power structure now proofenneverscared
- by public institutions inherent in crypto.neverscared