No Such Thing As Decentralization | BitBoy Crypto

Trace it back all the way to Satoshi – there is no decentralization. In this interview with #metamoney, see what Ben has to say about the truth regarding decentralization in .

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  1. didnt someone have to create peer2peer systems? didnt someone have to create the internet? didnt someone have to create tor/cryptography? yet these systems are decentralised

  2. It exists when you use rocks & pebbles. My friend has 15 pebbles, and 3 rocks, and I only have 2 pebbles and half a rock🤦‍♂️. No one can take our rocks and pebbles. We use them to pay for goods and services to each other. Lol… remember the tulip craze?
    Tulip mania
    Tulip mania was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels, with the major acceleration starting in 1634 and then dramatically collapsing in February 1637. It is generally considered to have been the first recorded speculative bubble or asset bubble in history. In many ways, the tulip mania was more of a then-unknown socio-economic phenomenon than a significant economic crisis. It had no critical influence on the prosperity of the Dutch Republic, which was one of the world’s leading economic and financial powers in the 17th century, with the highest per capita income in the world from about 1600 to about 1720. The term “tulip mania” is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values. Formal futures markets appeared in the Dutch Republic during the 17th century

  3. Crypto is less decentralized than anything. Everything is recorded on the block chain.

  4. You’re right it’s not but you also don’t understand what the word ‘decentralization’ means

  5. THANK YOU BEN FOR SAYING THIS! Hopefully, all the Bitcoin maxis will take this information and take a non biased approach to their research. They too will see how much control only a few groups of people have over Bitcoin. XRP Is more decentralized than any PoW. 👀

  6. That’s like saying “tall” doesn’t exist. It’s all relative and a spectrum. And bitcoin is the MOST decentralized thing. Bitboy predicted 680k btc in October and then made a series of predictions lower and lower and lower and didn’t admit he was wrong until it was soooooo obvious.

  7. Everything is centralized in the beginning. Its impossible for anything to be decentralized from the start. It takes time to build a network and always starts with one person, however projects working toward becoming more and more distributed/decentralized is a great thing.

    Decentralization refers to the transfer of control from a centralized entity to a distributed network. It exist….its just not possible from the start.

  8. Decentralization has to do with CONTROL…. not creation.

    BTC is definitely Decentralized… Ben’s argument is absurd

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