Part 3/7:
Decentralization: A Philosophical Dilemma
Decentralization is often viewed through a philosophical lens. One common definition is the absence of a single point of failure within a network. BSV can be argued to adhere to this principle, as it does not centralize its operations on any single entity. It provides a platform where multiple nodes, even if few in number, work collectively to maintain the network's integrity.
Dissent arises from the "small blockers," a faction within the cryptocurrency community that advocates for a drastically different approach to decentralization. They posit that increasing the number of nodes is imperative; more nodes equal greater decentralization. This leads to a scarcity mindset regarding the network's architecture.