On 08/31/2015 04:42 PM, Monarch wrote: > The justification for the existence of Bitcoins hinges on it. What is > described in the whitepaper is a system without the trust of third > parties to process electronic payments, this can not exist without > decentralization. Absent any unforseen revelations this is a > requirement rather than a suggestion or fleeting fancy. Below a > decentralized Bitcoin you are free to make systems as centralized as > you please without affecting the parent, below a centralized Bitcoin > there is no room to make it less. We really only have one shot at a > properly bootstrapped, decentralized currency, and it would be a great > shame to mess up the one we have with hasty decision making for > unclear goals.
You keep using the word "decentralized" without explaining (and most likely, understanding) what it means. You say: > a system without the trust of third parties to process electronic payments What does it mean to use a decentralized network instead of a trusted third party to process electronic payments? What undesirable actions can a trusted third party perform that a decentralized network can not perform? The answer to those questions are the *actual* goals, for which decentralization is just one portion of a solution. It might be helpful to organize Bitcoin's various existing, potential, rejected, and proposed features using the Kano model: https://en.wikipedia.org/wiki/Kano_model Example: The ability of one entity to spend another entity's Bitcoins without their consent is a reverse quality. It would at least give us something objective to talk about. -- Justus Ranvier Open Bitcoin Privacy Project http://www.openbitcoinprivacyproject.org/ jus...@openbitcoinprivacyproject.org E7AD 8215 8497 3673 6D9E 61C4 2A5F DA70 EAD9 E623
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