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by slovette 3050 days ago
I think I’d probably agree with you. But Blockchain technology (the backbone of a decentralized movement) is the parent to bitcoin.

I’m speaking on Blockchain, not bitcoin.

1 comments

Even viewing it more generically, the same scaling issues apply, and the same inevitable re-decentralization awaits it. Centralized systems trade robustness for efficiency. The drive to lower costs will always result in re-centralization.
The scaling problems aren't necessarily only a symptom of decentralization. Proof of stake scales much better than proof of work, for instance.
Your right, they can be at your secrity module cost.

I currently (as I understand the state of pos) see pos useful for other the other blochain ESC stuff and pow for a safe currency (BTC)