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RE: Mastering timing for trade

in #cryptocurrency6 years ago (edited)

Oh there's no doubt about it that Neo and Ripple are centralized. No matter how you look at it.
Now for Eos and Eth the diff of decentralization depends of the person.
In Eos and later on Eth, the miners and nodes will become the same person. In Eos, you have to bribe the users to vote for you. Eos is basically a more decentralized version of a Republic.
Eth well I would say a more decentralized version of a communism or will become one. Where the amount of % you have=power
And you have to have a certain % just to get in.
In bitcoin,
and right now Eth but when they go to POS that will change.
The mining power is inaccurate way of showing decentralization of bitcoin.
First of all mining pool does not equal miners. I have a miner pointed at slush pool does that mean the mining pool is me? The mining pool is like steem delegation. The miner can withdraw support from a pool. This is happening to Antpool and btc.com
Also with the introduction of new mining companies the distribution of hashpower is weakening bitmain hold.
This is the current one:

Source: https://blockchain.info/pools
And also The miner are not the dencentrzled part. It the nodes-remember UASF? Nodes are what matter in bitcoin and fake nodes are very easily seen. Also since bitcoin has no lead dev the development of bitcoin is the most decentralized.
And for the miner part with the introduction of halong mining Bitmain dominance in bitcoin mining has dropped. A much need computer has arrive to asic and samsung is helping halong mining in the quest for an alt mining company. With the bad press Bitmain has-less people buy for them.
To counter Asic negativity
In theory, Asics are better than Gpu and maybe more decentralized. Asic= consistent hashrate and loyalty to the chain. Asic mean that you are not into only for the money but to help the chain since you can only use the asic for that. In gpu you can switch any time to other gpu coins. Many gpu miners are into only for the money by using nicehash and auto switch pools. Asic are supposed to decentralized by the the fact more than one company are making them.
Right now the problem with Asic is that one company makes them-Bitmain. If Halong mining is one of the few key reason why bitcoin was against changing the algorithm. It might be one of the last test to show if Asic can truly be decentralized in theory.
I kinda like POS(crying out load bitcoin is going to use POS in its sidechain tech . )
But current POS has a flaw who know it could be made better. People are researching them. DPOS does look like one of the best types of POS
Currently POW is better in my opinion.
While yes POW does seems like an energy waste it not. This work is necessary to make the chain secure. In POS, the stakers who owns 10% of the supply will mint 10% of the supply, and won't cost them anything much.
In, POW you have to battle against everything. You have to buy new miners to keep up, pay electricity, cool the machines, buy new ones.

Pos makes it so that 51 attacks are harder bc they are little their investments on the line. Pow is somewhat even harsher. Not only will their rewards lower if 51% attack done, the coin down=machines useless. This is amplified by asic machines which effectively locks the minier rig to mine only that coin.
Pow can be improved even more by making useful mining aka finding primenumbers. This is being researched in bitcoin.
Also POW in theory should encourage miner to look for greener energy and maybe already doing it.
https://steemit.com/mining/@sames/bitcoin-mining-pow-the-truth

Bitcoin is the great experiment and the most decentralized of all coins.
A blockchain can not work without a bitcoin like coin. Otherwise it is just a fancier database.
The introduction of LN and sidechains will be game changers.
Bitcoin was built to be completely sovereign state resistant. Two diff forces=control along with the fact even if the gov ganged up to shut it down-you might as well shut down the internet. Some many nodes too hard to shut down.

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Sure, bitcoin is most decentralized of them all, I don't argue with that.
But the question I ask concerns selecting a platform for creating decetralized applications.
Bitcoin is unsuitable for this task. It can be regarded as digital gold which you simply keep as reserve funds.
There is a plenty of platforms that are designed for this purpose: Ziliqa, Cardano, EOS, Nem, Ethereum at last an so on.
Which one would you choose if we specify decentralization and censorship resistance to be the cornerstone to make a decision?

That a tough question....
Bitcoin is meant to be the payment platform
Eos would be perfect for compared to others the app runs for free. No costs on users....
All others require the user to pay a fee just to use it.
The Dapp in Eos just pay a monthly host fee and boom free usage for customers.
Rsk will be a platform for ultimate decentralization it bitcoin and Eth at one time.
But Eos is the best Dapp platform then Rsk then Eth then Cardano

Then EOS truly rules, let's stick to it.
Is it you on the video you sent me above?
You have an interesting point of view regarding all the concerns cryptos. What do you think about arranging an interview?

Oh no the person in the video is not me. He is one of the biggest names in crypto.
He is Andreas M. Antonopoulos
He is a big time promoter of bitcoin. One of the top people in crypto you got to follow

Oh, right, thanks. I know the name, but I've never seen any video with him.
So what about an interview?

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