📅 Original date posted:2015-08-31
📝 Original message:On 2015-08-31 21:24, Allen Piscitello wrote:
> Even so, decentralization is a means to an end - not an end-goal. It
> is essential for Bitcoin to be a useful alternative, of course.
>
The justification for the existence of Bitcoins hinges on it. What is
described in the whitepaper is a system without the trust of third
parties to process electronic payments, this can not exist without
decentralization. Absent any unforseen revelations this is a
requirement rather than a suggestion or fleeting fancy. Below a
decentralized Bitcoin you are free to make systems as centralized as
you please without affecting the parent, below a centralized Bitcoin
there is no room to make it less. We really only have one shot at a
properly bootstrapped, decentralized currency, and it would be a great
shame to mess up the one we have with hasty decision making for
unclear goals.
Monarch [ARCHIVE] /
npub165…sale4
2023-06-07 17:38:40
in reply to nevent1q…l7t8
Author Public Key
npub165cz97uf69xr6av492gc8pq6t4cjnh4fxlzplv7g68cvx3jwqgrsasale4Seen on
wss://relay.nostr.bandPublished at
2023-06-07 17:38:40Event JSON
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"content": "📅 Original date posted:2015-08-31\n📝 Original message:On 2015-08-31 21:24, Allen Piscitello wrote:\n\u003e Even so, decentralization is a means to an end - not an end-goal. It\n\u003e is essential for Bitcoin to be a useful alternative, of course.\n\u003e \n\nThe justification for the existence of Bitcoins hinges on it. What is\ndescribed in the whitepaper is a system without the trust of third\nparties to process electronic payments, this can not exist without\ndecentralization. Absent any unforseen revelations this is a\nrequirement rather than a suggestion or fleeting fancy. Below a\ndecentralized Bitcoin you are free to make systems as centralized as\nyou please without affecting the parent, below a centralized Bitcoin\nthere is no room to make it less. We really only have one shot at a\nproperly bootstrapped, decentralized currency, and it would be a great\nshame to mess up the one we have with hasty decision making for\nunclear goals.",
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