I have a problem with this narrative.
"BSV is the only decentralized token because it is set in stone and nobody can change it "
We literally had a major upgrade, by a centralized entity. And there will be more.
Post by twetch#16592
The thing is... that upgrade was actually a restoration.
What the chain says
- Block
- 623 341
- Time
- 2020-02-23T17:19:54Z
- Signer
- 16Wa4DdaWeTWJtfWomHZHRXwGE1wLfH34U
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#16592
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
16Wa4DdaWeTWJtfWomHZHRXwGE1wLfH34U VerifiedReplies (3)
Ok. Restoration by a centralized entity. and there will be more.
Any majority becomes a centralized entity so there will always be an element of centralization. The more important aspect is the network and code. One could argue that a little bit of centralization could protect the original protocol for now.
The network is fairly and will become moreso centralized over time as well though, as barrier to entry rises to be able to successfully mine blocks. If there is real competition among miners, it should be fine. Monopolization is difficult w/out fiat scam