Bitcoin and Other Blockchain Networks May Not be ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin News Uncensored

uncensored bitcoin news
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Rein - Decentralized Labor Market

Rein is an experiment in decentralized labor that combines Bitcoin multisig escrow, digital signatures, and an internet-like microhosting model to build an uncensorable labor market.
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Understanding it's not VITAL to Bitcoin, but: What are the main avenues by which we get truly decentralized layer-2 smart contracts on Bitcoin? I understand Taproot helps with this. But do we still need to rely on "Federation trust" approaches ala Rootstock/Liquid?

submitted by GabeNewell_ to Bitcoin [link] [comments]

Understanding it's not VITAL to Bitcoin, but: What are the main avenues by which we get truly decentralized layer-2 smart contracts on Bitcoin? I understand Taproot helps with this. But do we still need to rely on "Federation trust" approaches ala Rootstock/Liquid? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin is not decentralized. POW is a 0-sum game and makes no sense for a distributed network.

Bitcoin is not decentralized. POW is a 0-sum game and makes no sense for a distributed network. submitted by Jstodd_ to Buttcoin [link] [comments]

Pools in UMI, unlike Bitcoin, do not threaten decentralization 🙌

Pools in UMI, unlike Bitcoin, do not threaten decentralization 🙌

https://preview.redd.it/akyqw9hqz2t51.jpg?width=1023&format=pjpg&auto=webp&s=2cc46a6a267254fbda0116157968d525396ff705
⛔️ Among the most significant disadvantages of Bitcoin is the centralization on the part of mining pools.

📍In the pursuit of profit from mining, the greed of the participants in the decentralized network forces them to join in pools, which violates the idea of ​​decentralization and leads to centralization.

📍Today we have a situation that if several leading BTC pools decide to merge, they will capture most of the network's capacity and be able to carry out a 51% attack. As a result, pools will be able to send non-existent bitcoins, confirm incorrect transfers and, roughly speaking, do whatever they want with the network.

📍 Having traveled a path in more than 10 years, Bitcoin has proven that the idea of ​​decentralization as it is implemented there simply does not work.

🔥Therefore, in UMI, decentralization is implemented at a different level, and users, joining in pools (staking structures), on the contrary, help the development of the network and support its efficient operation, without threatening security.
submitted by UMITop to u/UMITop [link] [comments]

Bitcoin Is NOT Decentralized | Cardano (2020)

Bitcoin Is NOT Decentralized | Cardano (2020) submitted by DavidLikesCrypto to cardano [link] [comments]

@maticnetwork strives to solve the scalability and usability issues while not compromising on decentralization and leveraging the existing developer community and ecosystem. Check out some other features. #Blockchaintechnology #Matic #bitcoin https://t.co/V66u3uPmQo

@maticnetwork strives to solve the scalability and usability issues while not compromising on decentralization and leveraging the existing developer community and ecosystem. Check out some other features. #Blockchaintechnology #Matic #bitcoin https://t.co/V66u3uPmQo submitted by Russemee to ICOAnalysis [link] [comments]

09-10 10:25 - 'What about decentralized finance in cryptocurrency? No rich assholes that can steal all your money. Borrow money from people who have money that they want to borrow out, they earn interest and the bank does not, and you pay...' by /u/alrachid removed from /r/Bitcoin within 385-395min

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What about decentralized finance in cryptocurrency? No rich assholes that can steal all your money. Borrow money from people who have money that they want to borrow out, they earn interest and the bank does not, and you pay a lower interest rate than the bank will offer you. Thats whats up. Study DEFI if you dont know WTF im talking about because its coming!!! Once the people that control everything realize that they can make money from insurance, then we all good because one of the biggest problems with it all being new right now is lack of insurance. Once they compete and these blockchains prove they cannot be exploited, its all over. Im earning 11% per year on my USD right now. I put all my cash back from credit cards in that because in the end, if I didnt use the credit card I wouldnt have had that money anyway so might as well stack them sats, and USDCS, and eths, and all cryptos with a future.
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submitted by removalbot to removalbot [link] [comments]

Five Reasons Why Bitcoin Is Not Decentralized (x-post from /r/cryptocurrency)

Five Reasons Why Bitcoin Is Not Decentralized (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Why not take things a step forward and create decentralized governance? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

IOTA Founders Claim Bitcoin and Ethereum Not Decentralized Despite Using Blockchain

IOTA Founders Claim Bitcoin and Ethereum Not Decentralized Despite Using Blockchain
#IOTA founders #DominikSchiener and #DavidSønstebø claimed that #Bitcoin and #Ethereum are not #decentralized. This is due to the miners' power in controlling the network, adding that #blockchain still has 'teething problems'.
https://preview.redd.it/oiqkr4iwz7951.jpg?width=1280&format=pjpg&auto=webp&s=6c6ec9bccf3845f46cb8d5555f1b26d217bdfe86
Read more:👉https://tokenncoin.com/news
#Tokenncoin #CryptoNews
submitted by Tokenncoin to Tokenncoin [link] [comments]

07-07 04:15 - 'Digibyte is a truly decentralized blockchain and does not appear on that 51% attack website.' by /u/moonpumper removed from /r/Bitcoin within 72-82min

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Digibyte is a truly decentralized blockchain and does not appear on that 51% attack website.
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IOTA founder: Bitcoin and Ethereum are not decentralized

IOTA founder: Bitcoin and Ethereum are not decentralized submitted by Jimm_Kirkk to CanadaBusiness [link] [comments]

CSW is rambling again. "I own the Bitcoin database" - 5 days later - "Only BSV is decentralized and not owned by anyone"

CSW is rambling again. submitted by BitSoMi to bsv [link] [comments]

Self serve advertising that can be embedded on websites, and accepts Bitcoin Cash as payment, & shares 90%+ net profit with publishers/creators. & readers could pay BCH to see no ads. Think decentralized Google Adsense/AdWords that accepts crypto with an option to not see ads.

Self serve advertising that can be embedded on websites, and accepts Bitcoin Cash as payment, & shares 90%+ net profit with publishers/creators. & readers could pay BCH to see no ads.
Think decentralized Google Adsense/AdWords that accepts crypto with an option to not see ads.
submitted by MichaelTen to btc [link] [comments]

The Bitcoin dream is a no barrier system⁠—a decentralized currency. It is immune to threats thanks to encryption where trust is not necessary. Any change is only possible by consensus making it a political-like structure. 😊 #wee #cryptocurrency #Bitcoin #technology #cashback

The Bitcoin dream is a no barrier system⁠—a decentralized currency. It is immune to threats thanks to encryption where trust is not necessary. Any change is only possible by consensus making it a political-like structure. 😊 #wee #cryptocurrency #Bitcoin #technology #cashback submitted by WeeMat to u/WeeMat [link] [comments]

The #COVID19 pandemic has revealed #Bitcoin’s most important value, and it’s not the price — but its decentralized nature. New from Temtum's Founder and CEO Richard Dennis

https://cointelegraph.com/news/bitcoin-not-a-safe-haven-but-maybe-something-more
submitted by Temtum to Temtum [link] [comments]

I've created a simple-to-use PHP library+tutorial on how to accept Bitcoin payments without a third-party nor KYC (everything's self hosted). Process all the payments by yourself and be a part of decentralized network. Not your keys, not your Bitcoin.

I've created a simple-to-use PHP library+tutorial on how to accept Bitcoin payments without a third-party nor KYC (everything's self hosted). Process all the payments by yourself and be a part of decentralized network. Not your keys, not your Bitcoin. submitted by Zaczer_o to Bitcoin [link] [comments]

Get started accepting Bitcoin Cash with zero fees in this wonderful POS integration! It is a seamless way to add items for goods and services and only requires an email to get it up and running. (I recommend this site but not coinbase's exchange because local.bitcoin.com is more decentralized)

submitted by ripekern to btc [link] [comments]

04-03 10:33 - 'Vitalik Buterin - Decentralization is not necessarily anti-regulator' (self.Bitcoin) by /u/sporim removed from /r/Bitcoin within 46-56min

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Vitalik Buterin
Decentralization is not necessarily anti-regulator. Building your application in a way that does not let you steal or cheat (eg. non-custodial exchanges like [@loopringorg]1 ) reduces risks, which is something many regulators *want*.
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Vitalik Buterin - Decentralization is not necessarily anti-regulator
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Author: sporim
1: tw**te*.c*m/l*oprin*org 2: t*it**r.com/Vital*kButer*n/sta*us**2450*385*658**76*7 3: twitter.co*/V*ta**k*uterin*s*atus**2*508385065*7*7*97]*^2
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

CMV: Bitcoin's value is strictly backed by the idea that the next person will pay more for it (greater fool theory), not because it is a finite and decentralized currency.

Hello Reddit, as the title states I am a firm believer that bitcoin has no value other than the idea that the next person will pay more for it. I myself invested quite a lot into bitcoin and was successful in paying off all my student loans thanks to this, so I should be happy about bitcoin's popularity, but as I see more and more friends investing I am worried they don't fully grasp what they are getting into. I invested with the thought in mind that my investment had no actual value, but would increase because people would think it had value. However, other investors I speak to seem to invest because they think bitcoin itself has value, but I just don't see it. My worry is that this rumor based investing is getting out of hand and will eventually result in greater economic consequences when bitcoin crashes, taking the savings of the many ignorant investors down with it.
Reasons I do not think it has value:
This is a footnote from the CMV moderators. We'd like to remind you of a couple of things. Firstly, please read through our rules. If you see a comment that has broken one, it is more effective to report it than downvote it. Speaking of which, downvotes don't change views! Any questions or concerns? Feel free to message us. Happy CMVing!
submitted by YouLostMeThere43 to changemyview [link] [comments]

On decentralization: Bitcoin specialized laptops or mining hardware might not be as good as you think they are (they can be sending your crypto balance information to big companies)

submitted by LosDodgersDodgers to Crypto_General [link] [comments]

Building big blocks is not enough. Alice does not care about big blocks, and she does not care about decentralized money. If we cannot provide Alice a service 1-2 orders of magnitude better than the legacy system, she is not switching to Bitcoin. We are not going anywhere until we solve this problem

Building big blocks is not enough. Alice does not care about big blocks, and she does not care about decentralized money. If we cannot provide Alice a service 1-2 orders of magnitude better than the legacy system, she is not switching to Bitcoin. We are not going anywhere until we solve this problem submitted by guyfawkesfp to btc [link] [comments]

ETHER IS NOT A CURRENCY, Bitcoin is Decentralized and the Name Alt Coin is Not Fair. Can blockchain be decentralized Why Did Bitcoin Drop? SEC Not Done, Digital Euro Trademark ... Cornell Researchers: Bitcoin Not as Decentralized as ... Steem Blockchain is No Longer Decentralized or Censorship Resistant  Justin Sun and Steemit Inc.

Cornell University released a two year study on decentralization within the networks of Bitcoin and Ethereum. BTC isn't as decentralized as previously held. Bitcoin and other blockchain networks may not be decentralized as recent Cloudflare outage led to lower BTC transaction confirmations. in which a system can be decentralized, and, by walk-ing through the key design decisions in decentralized systems, make explicit previously learned lessons that can inform a new generation of decentralized privacy-enhancingtechnologies. This is not the first time there has been a surge ofinterestindecentralization.AsCoryDoctorownoted Is Bitcoin Truly Decentralized? Yes – and Here Is Why It’s Important. by Erik Voorhees. January 22, 2015. Jan 22. 2015 for BitcoinMagazine.com . Those within the industry understand that one of Bitcoin’s most important features—and perhaps its true core innovation—is its decentralized structure. Bitcoin has no central control: no central repository of information, no central ... Let’s take a closer look at what makes bitcoin work as a decentralized financial system. The Importance of Full Nodes. If you are not running your own full node, then there is an argument to be made that you aren’t really using bitcoin because you are trusting someone else to check the rules of the system for you. This is especially true if you are entrusting a centralized institution ...

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ETHER IS NOT A CURRENCY, Bitcoin is Decentralized and the Name Alt Coin is Not Fair.

This is an update video to my previous two videos. In this video I add my thoughts on how Ethereum was never designed to be a currency, how Bitcoin is truly decentralized and how the name “Alt ... NEW CHANNEL: https://www.youtube.com/channel/UCH9HlTrjyLmLRS0iE1P4rrg I also play video games! https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA -----... Cornell University researchers, using the Falcon Relay Network, have concluded that neither of the two most popular cryptocurrency blockchains, Bitcoin and E... We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any ... Can blockchain be decentralized? The answer is in the middle. YES, it can have decentralized use. NO if it concerns already existing blockchain. To learn more about blockchain and Cryptocurrency ...

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