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RE: First Country To Issue A National Cryptocurrency (Functioning As A Legal Tender) Is Marshal Islands
that statement alone gives me the chill, how is that decentralization ?
that statement alone gives me the chill, how is that decentralization ?
I think we should calibrate our expectations a bit. Blockchains, even permission-based ones (or centralized) have a lot of advantages over the current ways of value exchange (cash, banks). Security, transparency, speed, ease of use, etc.
Just because a process is based on a peer to peer cryptographic ledger doesn't immediately and immutably means it's a completely decentralized one.
Even the ecosystems touted as being fully decentralized are actually very "colluded". A very small percentage of miners is controlling the entire Bitcoin mining process, as you know it very well.
All in all, this is a social advancement powered by the blockchain, and I still think it's a very important step forward.
I guess in a sense I am biased by my current understanding of the block-chains globally.
All in all it is an improvement for these civilians, it is the statement from The difference between SOV and PTR where they claim it's fully decentralized that pisses me off.