[taolegal]

funny how they just ceded true decentralization to Bitcoin & the usual detractors will miss out due to deep-seated prejudices

you may as well just use a central bank or traditional database, POW is unlike the rest and for good reason

[encryptluks2]

Bitcoin ceded true decentralization to mining farms a long time ago.

[taolegal]

nah, as long as it's still easy for an individual to run a node and store the entire blockchain on their own it's miles ahead of anyone else

[eterps]

https://mobile.twitter.com/ercwl/status/1555719147941683200

[taolegal]

Making blocks is much different than accepting blocks. Blocks have to be verified & accepted by peers aside from getting over the hurdle of POW. He complains about BTC arguing that the ability to “make a block” is the true basis of decentralization. But it’s the ability to verify & reject blocks that’s important. And anyone can maintain their own BTC blockchain from the beginning of time relatively easily (less than $500). Trustless is the way.

[eterps]

> But it’s the ability to verify & reject blocks that’s important. And anyone can maintain their own BTC blockchain from the beginning of time relatively easily (less than $500).

And on Ethereum you can't?

[taolegal]

You can't host the actual entire ethereum blockchain from the beginning of time for less than $500 on your own hardware.