Quote:
Originally Posted by jscott
Decentralization matters and allows for Bitcoin to exist unlike ur pro-any-altcoins stance.
But none of our opinions matter really
.... markets have spoken
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It's true that decentralization matter.
Unfortunately, reality show us that decentralization is not about hashrate (or only hashrate), because this days hashrate always follow better profit. I saw this many, many times on gpu mineble coins when big hashrate follow coins with better profit. Miners there days don't give a fuck about coins, they only think about dollar profit (mine&sell). And they use auto profit switchers. This is true for ASIC, CPU and CPU. For each mineble coin.
Because of this it's absolutely true that miners and hashrate do not decide anything and hashrate is "not a vote" in most cases. It's not show true community support for coins like it was with original idea... And it's not about decentralization anymore. Mining centralized (on each coin), especially for coins mineble by ASICs.
I see true decentralization now in matter of "coin control" (corporations, devs, teams who control the code&roadmap). More independent teams or potential alone devs who can work on coins -> better for decentralization.
Because if some group will try to hijack coin like it was with BTC, then other group can continue original roadmap to help this original idea to survive.
And GPU mining is right choose if we are talking about mining decentralization, because every user can use his GPU to vote, not only corporations who build ASICs or can buy them and build hangars with them.