How CENTRALIZED is Cardano?
How CENTRALIZED Iis BTC?
What is the most centralized coin out there?
What is the most decentralized coin out there?
The more I look at this question, the more confused I get!!
As I research various ALTCOINS I often here statements saying that BTC is too centralized because of the strong mining pools and because of powerful whales… YET… when I listen closely to BTC maximalists they continuously point out that BTC is not “run by” any company or any one person - rather, it is “run by” a community.
On the other hand we have people supporting various ALTCOINS and the main arguments made in their favour are often that the founder is someone with a lot of talent, integrity and back-record (Hoskinson, Larimer, Macaleb, Vitalek etc etc), but BTC guys are saying that having a “leader” means having centralization in that what if the leader gets corrupted?
Does anyone have any thoughts on centralization? What should we be looking for, what is ideal?
Personally I got interested in blockchain primarily because of it’s extreme decentralization, but the more I learn about it and observe it the more I see that even BTC is far far from decentralized. And I also can see the shortcomings it endures because of the decentralization it does have.
I like the idea of a strong, talented, and trustworthy leader/founder who can keep things ‘on track’ but finally I am aware that this is just a childish fantasy > like a child wanting and believing he can have a strong Daddy who will always be perfect and reliable… does this ever really exist? No it doesn’t because finally we are all human.
So what is the ultimate answer to the question of centralization vs. decentralization? Or trust vs trustless systems?