Government Centralization Vs. Bitcoin Decentralization
Greg Foss and Aaron Segal joined "Fed Watch" to discuss the current battle between governments and Bitcoin.Watch This Episode On YouTubeListen To This Episode:BitcoinTVAppleSpotifyGoogleLibsynOvercastHosts: Christian Keroles and Ansel LindnerGuests: Greg Foss and Aaron SegalIn this special episode of Bitcoin Magazine’s “Fed Watch” podcast, we sat down with two bright minds in the bitcoin space, Greg Foss and Aaron Segal, to discuss the global process and interplay of centralization and decentralization in society. It was a sort of a panel discussion with Keroles guiding our topics.The....
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For many, the level of centralization found in the Bitcoin mining ecosystem is the biggest issue for the peer-to-peer digital cash system today. As a technology that relies on decentralization in order to provide a censorship-resistant bearer ecash, any trend towards centralization should be viewed as problematic. In 2014, economist Kevin Dowd claimed the incentives of pooled mining are “totally destructive of the Bitcoin system.” The amount of mining that takes place in China led former Bitcoin developer Mike Hearn to state, “Bitcoin is controlled by the Chinese Government.” Those who....
Bitcoin expert Andreas Antonopoulos explains why faster mining chips and slamming into the Moore’s Law “wall” will be “a very good thing” for decentralization moving forward. Mining Arms Race Slows at 16nm Chips. Speaking at D10E event in San Francisco in July 2016, Andreas Antonopoulos focused on the architecture of power and the trade-offs between....
Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel that discussed what decentralization brings to Web3 at DeData 2022. With the convenience of centralization seemingly threatening the original crypto vision, decentralization will still help escape a potential dystopian future, according to a panel discussion at the DeData Salon 2022 conference held in Berlin, Germany. Cointelegraph’s editor-in-chief Kristina Cornèr moderated a panel discussion dubbed “Shaping The Next Economic Era With Web3 Technology.” Panelists included Paul Claudius, the co-founder of DIA; Hoon Kim, the....
Bitcoin is now becoming a household name as, once again, the price of each coin is nearing 200 USD and more companies are selecting to accept payment in this convenient, yet new payment option. With the recent closure of Silk Road and the US government's temporary shutdown, Bitcoin has proven to be a force to be reckoned with. What makes Bitcoin unique? It is a digital, decentralized, cryptocurrency and a gateway to send money anywhere around the world with just the click of a mouse or the scan of a QR code to anyone with internet access. Proponents of Bitcoin pride themselves in....
At the crux of the block-size limit debate in Bitcoin is an argument between scaling and securing the network. Although raising the block-size limit would allow more transactions to be processed in each block, it could also limit the ability for individuals in some parts of the world to run a full node or participate in the mining process. This problem would arise due to the increased costs of processing a greater number of transactions every 10 minutes as a full node. Blockstream co-founder and President Adam Back recently discussed the security vs. scalability debate on an episode of....