Tag: centralization

Nov 16 2022

Jimmy Song And Samson Mow Vs. Vitalik Buterin, Battle Royale At LABITCONF

The fact that Jimmy Song and Samson Mow were in the same bill as Vitalik Buterin was interesting enough, but the actual panel was the equivalent of an atomic bomb blowing the stage up. What started as a discussion about the FTX collapse and saga, turned into a heated debate about bitcoin Vs. Ethereum pretty quickly. It was a spectacle. And Song and...

Sep 21 2022

Research: Ethereum’s move to PoS is trading off decentralization for scalability

With the Merge finally completed, Ethereum is now running as a Proof-of-Stake (PoS) network. However, its transition from a Proof-of-Work (PoW) system has been highly...

Sep 14 2022

Mining Concentration In America Poses A Major Threat To Bitcoin

Blind patriotism encouraging further centralization of mining in America is a regulatory capture trap.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. Since the mining ban came to China, there has been a massive migration of Bitcoin...

Sep 13 2022

The Only Potential Benefit Of Central Bank Digital Currencies: Bitcoin Adoption

Central Bank Digital Currencies are a dystopian implementation of money and will only benefit society by encouraging people to adopt bitcoin.This is an opinion editorial by Pierre Gildenhuys, the co-founder of a Hong Kong based social environment tech startup.Central bank digital currencies (CBDCs) are being actively developed and discussed in many major nations in the world including 19...

Sep 12 2022

Centralization, sell-offs, and network stability: What’s troubling Ethereum ahead of the Merge?

With less than two days left until Ethereum transitions to a Proof-of-Stake system, all eyes are pointed at the Merge but many are still worried whether it will change the crypto market for the better. According to the latest report from analytics company...

Sep 11 2022

The Greatest Trick Ever Played, And How Bitcoin Shatters The Illusion

Centralized planners could not have dreamed of a more obfuscating and power- concentrating system than that of fiat money.This is an opinion editorial by Andrew Axelrod, a Bitcoin educator and writer whose LinkedIn posts have orange pilled thousands. "The devil's finest trick is to persuade you that he does not exist." — Charles Baudelaire“The...

Aug 19 2022

The Ethereum Merge: Risks, Flaws And The Pitfalls Of Centralization

Ethereum’s switch to proof-of-stake is scheduled for mid-September. What are the possible risks? How does it work compared to Bitcoin’s proof-of-work consensus?...

Aug 06 2022

The Great Wall: Why China’s Central Planners Can’t Handle Bitcoin

There is historical precedent for China’s resistance to bitcoin, a money that enables freedom and individual pursuit of capital.This is an opinion editorial by Andrew A, a Bitcoin educator and contributor to Bitcoin MagazineMuch like the tragic figures of Greek mythology, China has a long and storied history of snatching defeat from the jaws of victory. Its ruling class, in particular,...

Jul 14 2022

The FED Released A Study Of The Lightning Network. These Are Their Conclusions

Bitcoin is the FED’s new favorite subject. Fresh from the Federal Reserve Bank of St. Louis measuring inflation in BTC terms, comes the Federal Reserve Bank of Cleveland with a study titled “...

Ignore The Unproductive Central Planners And Use Bitcoin

To fully cut the unproductive class away from the levers of control, the productive class must use bitcoin to secure the layers outside of money.The below is a direct excerpt of Marty's Bent Issue #1337: “Ignore the unproductive central planners.” Sign up...

Feb 25 2022

The Freedom Convoy Exposes Weakness In State-Run Money

A society can only have true freedom in grasp when there exists an immutable uncontrolled money like Bitcoin.Developments in Canada have drawn quite the audience as of late. A convoy of truckers that began as a small display of disagreement and resistance has evolved into a global movement of resolve and principle, reaching in influence...

Jan 25 2022

Is The Lightning Network Centralized?

The emergence of Lightning Hubs might suggest that Bitcoin’s leading Layer 2 protocol is centralized. So let’s compare it to fiat’s structure.Bitcoin custody provider Casa held its annual Keyfest conference this month, and with it came many conversations around Bitcoin privacy, security and the Lightning Network. And one very important question was raised in the Q&A portion of the first session of...

Jan 08 2022

Bitcoin Attacks The Ultimate Ponzi Scheme

Centrally managed currencies are similar to Ponzi schemes, and require increasingly dystopian measures to stay afloat.Bitcoin Attacks The Ultimate Ponzi SchemeWho Is Running The Ultimate Ponzi Scheme, And How Do We Stop It?The Ponzi scheme is a simple concept.“A Ponzi...

Dec 06 2021

How Centralized Is Bitcoin Mining Really?

There are numerous factors to consider in weighing the centralization of bitcoin mining, and the industry can only be as decentralized as any one.When discussing bitcoin mining centralization, the issue almost always gets muddied immediately. One person might think in terms of mining pool distribution, another in terms of hash rate distribution across jurisdictions, and yet another might be chiefly concerned with...

Nov 19 2021

Binance Smart Chain – Devs Are Worried About Blockchain’s Unsustainability

Binance Smart Chain (BSC) has long been marketed as an Ethereum killer and a magical solution to the blockchain scalability problem. Its chief selling point has been low fees, fast tx processing, and Ethereum Virtual Machine (EVM) compatibility, allowing devs to seamlessly create and/or migrate across. However, there appears to be trouble in paradise and a recent Github issue "...

Oct 14 2021

Aug 31 2021

Government Centralization Vs. Bitcoin Decentralization

Greg Foss and Aaron Segal joined "Fed Watch" to discuss the current battle between governments and Bitcoin.Watch This Episode On YouTubeListen To This Episode:...

May 31 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 3, Part 2: History)

Welcome back, Saifedean Ammous’ “The Bitcoin Standard” lovers! Two episodes in a row, because we are committed to doing a whole chapter each week. The last time, we learned why humanity chose gold as the soundest form of...

May 25 2021

The Internet Computer (ICP) Responds To Criticism

As the last project to capture the crypto ecosystem’s imagination before the recent bloodbath, there are many interesting things about the Internet Computer. A recent report made a compelling case against it, though. And now it’s time...

Mar 09 2021

Controversial Games Put Binance Smart Chain to the Test

A series of projects on the Binance Smart Chain inspired by violent incidents in Chinese and American history are testing the platform's decentralization limits. Tiananmen Square Immortalized on Binance Smart Chain An anonymous...

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