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Date: Mon, 31 Aug 2015 21:42:59 +0000
From: Monarch <monarch@cock.li>
To: Allen Piscitello <allen.piscitello@gmail.com>
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On 2015-08-31 21:24, Allen Piscitello wrote:
> Even so, decentralization is a means to an end - not an end-goal. It
> is essential for Bitcoin to be a useful alternative, of course.
>
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.
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