/biz/ - Business & Finance

>>52480780
There is a large amount of independent nodes processing transactions. And it is impossible, or at least pretty infeasible, for a single entity to block transactions.

>>52480811
But the way the nodes process the transactions. Do they just do whatever they want or do they operate within some sort of set standard- and if so how is this standard determined?

>>52480780
It means you need to fuck off and DYOR

>>52480876
You're not exactly inspiring investor confidence here.

>>52480780
How many doors do you have to kick down to shut down or compromise the coin.
If your coin has a CEO controlling it, or all the nodes are run in data centers that can just be told to take them offline (e.g. Parler), a few insiders with massive premines etc...

>>52481405
So basically only BTC is decentralized, and maybe XMR and LTC, kek.

>>52481414
And now you see the purpose of the Jews trying to replace Proof Of Work with Proof Of Stake.

>>52480780
we got no solution to decentralized fiat off ramps

>>52481414
Anything with a company running it is centralized by the company. I would not even consider these cryptocurrencies.
Anything proof of stake is centralized on the protocol level. These are cryptocurrencies which can be easily attacked by the state if necessary (exchanges already control a fuck ton of validators for ETH. All the proof I will ever need that PoS is cucked).
Anything proof of work without ASIC resistance is physically centralized. You just confiscate the ASIC warehouses.

>>52481414
and digibyte anon
unironically

>>52480780
crypto as a whole isnt decentralized, some are some arent.

>>52480780
>>52480881
>frog with 5 fingers
Absolutely haram