7 Benefits of Decentralized Currency - Bitcoin Market Journal
7 Benefits of Decentralized Currency - Bitcoin Market Journal
Building the Infrastructure for the Future Decentralized ...
What Makes Bitcoin Decentralized?
Is Bitcoin Truly Decentralized? Yes – and Here Is Why It’s ...
Bitcoin Is Becoming More Decentralized, Indicates New ...
Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
I see many people don't understand the design of Bitcoin decentralization, there are tons of confusing articles about decentralization that mislead people. Bitcoin decentralization is based on three pillars. 1) decentralized coin issuance / mining 2) decentralized database storage / nodes 3) decentralized governance / absence of central point of control. The third part of decentralization is the most important. Bitcoin design is already decentralized from the first node, even if there is only 1 node running, it can't manipulate the database, it can only record transactions and store them on a ledger. More nodes is good, but maximum nodes isn't the most critical part of Bitcoin decentralization, nodes help make Bitcoin more sustainable, if some of the nodes go off, the system will continue operating. The most crucial part is that no node and miner can manipulate the system, with exception of 51% that can only achieve to roll back several blocks, but still can't do anything with other accounts, and the whole system, like freezing account balances, confiscating funds etc, like traditional banks do.
Statement Bitcoin can't be decentralized and scale at the same time. (The reason of SegWit/LN integration into BTC) Statement LN can be decentralized and scale at the same time. Conclusion First statement is in direct conflict with the second, if a decentralized Blockchain can't scale, that means scalable Blockchain isn't decentralized (enough) that means LN is either centralized, either Bitcoin can also scale onchain and be decentralized making LN obsolete.
How is Bitcoin decentralized if there's a team of developpers?
While I love all the things Bitcoin represents and would like to go all in, I just don't understand how people claim is decentralized while mentionning there a small team of developpers. Couldn't this small team one day create some malicious code and introduce it as an update? Who checks on these developpers and wouldn't that imply a level of trust and thus not a true centralized system? Or is perhaps the ledger the core and can never be changed no matter what update or upgrade comes along?
Bitcoin/decentralization advocate Andreas Antonopoulos on COVID-19 and the government's reaction
I found his perspective very interesting an unexpected https://youtu.be/SXKTptqdnwU For any libertarian-leaning folks out there, do you think a pandemic like this justifies sweeping government responses?
Bitcoin has become more decentralized by several measures, according to Canadian financial services firm Canaccord Genuity Group. In its February report, the firm said bitcoin was less ... Decentralized Finance bietet zum Teil hohe Renditen, wenn man sich entscheidet eine der vielen Funktionalitäten zu nutzen. Der Vorteil: Der Zugang ist über eine Ethereum Wallet sehr einfach und die Möglichkeiten unbegrenzt. Zudem kann jeder daran teilnehmen. Wie oben erwähnt braucht es nur eine gängige Ethereum Wallet und ETH Guthaben. Es ist aber auch möglich mit ERC20 Tokens die DeFi ... Those within the industry understand that one of Bitcoin’s most important features—and perhaps its true core innovation—is its decentralized structure. Bitcoin has no central control: no central repository of information, no central management, and, crucially, no central point of failure. And yet, most of the actual services and ... Decentralized currencies are a real-world demonstration of blockchain technology, fueling further development of decentralized applications. Decentralized currencies represent an evolving view of how information can change the world. From the way you use and spend money to the way you communicate to the way you vote and register for services ... Welcome to Pawn My Bitcoin Decentralized Finance gives everyone access to low-cost US dollar loans, with no credit check. Open, decentralized borrowing has many advantages over the traditional credit system. We give people the financial freedom they crave. let people borrow US Dollars against their bitcoin (up to 90% of the value of their bitcoin). Get Approved in 60 Seconds. Create a Loan ...
Second lecture of the Bitcoin and cryptocurrency technologies online course. For the accompanying textbook, including the free draft version, see: http://bit... I'm excited to announce a new course available at pluralsight: https://app.pluralsight.com/library/courses/bitcoin-decentralized-technology?utm_source=youtub... He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. Bitcoin Explained by Duncan Elms. A short video looking at Bitcoin, a decentralized digital currency. http://www.gobitcoin24.com Go Bitcoin Now http://moblr.... Close. This video is unavailable.