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RE: World Economic Forum Says...You Might 'Question the Hype Around Blockchain'

in #bitcoin7 years ago

Did you see Vitalik's post on Reddit yesterday about his take on the democratization of Bitcoin vs. Ethereum? It was quite interesting - his point was that Satoshi might have done more harm than good by making Bitcoin very democratized, perhaps over-decentralized. Scattered, if you will.

Conversely, while I do agree with all you say about Ethereum, Vitalik's (semi-invisible) hand means that there's the ability to sorta kinda change the rules when they make sense to change. Within reason - see ETH v. ETC.

Appreciate the convo. Following you now...

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It also creates a huge failure point, as we saw with the Vitalik death hoax.

Yeah, failure points are a problem...

...then again, like a Martha Stewart, where the person is the brand, the person can do lots to make sure that the brand can continue without them.

That's a good point, and one of the fundamental strengths of decentralization is the whole Hydra effect - cut off one head and two more grow to replace it.