I really don't understand. Do you mean that people without leaders are lost ? I'm really trying to learn here.
RE: What is decentralization ?
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What is decentralization ?
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Again, look around, even outside crypto. How many people believe total bollox and follow their leaders? Look at them voting back in total liars and criminals. Lost? I wish they were lost, then they might find a way. Now imagine if democracy ran in the same way - stake based. lol. Democracies have degenerated into that now, but there were periods when it was blatantly legit, eg only the landed gentry, or just male Athenian aristocrats.
Anyway, encoded tyranny seems the norm. To say that forking a chain is a form of conflict resolution is deeply naive. Imagine being thrown out of your own house by squatters - go build another house, they say!
So, you mean there is no safe house to live in ? I mean blockchain, and we can never achieve that decentralization everyone is talking about. I heard that even bitcoin is not decentralized, and it's controlled by the miners. Maybe decentralization is a myth. lol
It is the biggest myth in crypto.
Both POS and POW are prone to attacks - it just depends if somebody wants to and has the resources.
The words are easy, but the encoded rules are currently way too simple and naive to prevent collusion attacks on control and governance. So, given this obsession with the D-word, systems are being designed that end up working but horribly brittle instead of stable - and brittle is not good.
I tried to look for a video lecture I recall, but can barely remember who it was, possibly Roger Ver, that included a section on the changes that crypto systems may need to make in order to satisfy mainstream adoption - it may have been someone else - I may even find it on HDD, maybe. lol.
Maybe this part :
He answered there the questions : Is separation of Money and State possible?
Thx, tho it was a lecture with an audience. I even posted about it, so that might be the "fastest" way to find it - when I have some idle time ;-)
The point was that many of the qualities the initial pioneers of crypto thought important may not be so important after all, and especially not for the mass of people who don't care at all about how the engine works under the hood - they just have 2 or 3 pedals and a wheel. lol
What's the most important in your opinion ?
For me, it is the construction of algorithmic systems that function without human direct involvement. So that means trusting the trustless protocols (lol), that they are stable as well as self-correcting. Within that comes the idea of limiting dependencies - or maximising decentralisation - as an important factor. What you don't want is for some proposal getting passed by colluding agents that ruins the whole system - which happens far too regularly. What I don't see is some governance protocol that actively avoids being hijacked - somewhat like a swap pool rebalances after every trade.
Let me know if you'll find it. I would like to watch Roger Ver talking about this topic, because I'm active in BCH community as well.
found it! different person tho ;-)
https://blurt.blog/cryptoblurt/@rycharde/measuring-the-success-of-cryptos-price-or-principle
like I said, was easier to scroll through my blog.
Wow, the guy is on odyssee : https://odysee.com/@aantonop:8