The word ‘decentralized’ has lost all meaning — Enough is enough
The concept of decentralization isn’t being given the respect it deserves — and change is needed. Decentralization: It’s a word that holds so much power and promise. But over the years, it’s become painfully clear that this concept isn’t being given the respect it deserves — and the consequences can be downright dangerous.We live in a world where DAOs aren’t DAOs, where independent validators aren’t independent, and where PR departments breezily gloss over the fact that some blockchain projects are far more centralized than they may seem.Emotionally and financially, countless crypto....
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BTCC China CEO Bobby Lee’s latest Twitter poll has cast light on the meteoric rise of Bitcoin price by over 1,000 times in just six years. ‘Global, Decentralized’ Nature Behind Bitcoin Success. With a market capitalization of over $20 billion as of 2017, respondents see Bitcoin’s “global and decentralized” nature as the main factor behind its success. 52% of the 1,300 takers of the survey selected the option, with 32% considering the digital currency being a “new store of value choice” as the principal reason. Speculation Influencing Bitcoin ‘Value’. While Lee received criticism for only....
Ketsal's "Open Standards" rubric is the latest push to demystify network decentralization in the blockchain space.
We're fast approaching the end of 2013, and with that comes a ton of looking back at what made the year so special. For the Australian National Dictionary Centre, that means choosing a word of the year. And this year, that word is bitcoin. That's right. It's a word that seemingly came from nowhere. Had you asked a sample of people in January if they knew what bitcoin was, the likelihood of any of them knowing was very low. Fast forward to today, with tons of media coverage, more people are likely to have at very least a basic idea of bitcoin (even if they think it's only used for crime).....