BitShares Forum

Main => General Discussion => Topic started by: luckybit on June 12, 2014, 02:49:28 am

Title: Bitcoin is looking more centralized every day.
Post by: luckybit on June 12, 2014, 02:49:28 am

With Reddit talking about 51% attacks now it is a good opportunity to talk about DPoS and Bitshares.

http://www.reddit.com/r/Bitcoin/comments/27xke9/is_bitcoin_equivalent_to_compuserve/

Title: Re: Bitcoin is looking more centralized every day.
Post by: CLains on June 12, 2014, 12:14:53 pm

Ok, I posted a random comment, might have lots of flaws, ..

Title: Re: Bitcoin is looking more centralized every day.
Post by: MktDirector on June 16, 2014, 02:12:16 pm

It's amazing to me how bytemaster is ahead of the thought curve so often.  He was the first voice I know of out there who was seriously preaching the concept that Bitcoin is not really decentralized, that it's essentially in control of a handful of mining pool operators and is based on a wasteful, outdated form of security.  Now it seems these ideas are catching on in the community at large (not just ours) and that's a great thing.   As Ghandi said:

First they ignore you, then they laugh at you, then they fight you, then you win.