Re:Show HN: Centralized Coin – A Centralized Coin
by baby on Wednesday April 14, 2021 @12:08PM
(#26809040)
Btw centralized doesn’t mean not distributed. And so it doesn’t mean that it’s not highly available/resilient.
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Re:Show HN: Centralized Coin – A Centralized Coin
by fabiospampinato on Wednesday April 14, 2021 @02:35PM
(#26811162)
Sure, the white paper mentions that this is supposed to be a dictatorship, how should power be distributed while still remaining a dictatorship?
Re:Show HN: Centralized Coin – A Centralized Coin
by baby on Wednesday April 14, 2021 @06:16PM
(#26813778)
You distribute it yourself. This is what most distributed systems do, and this is how gmail, facebook, etc. Can remain up even when there’s a number of servers down or a fire in one of their data centers.
Re:Show HN: Centralized Coin – A Centralized Coin
by fabiospampinato on Thursday April 15, 2021 @06:29AM
(#26818630)
That way you distribute data, not power. That way you are resilient against a single computer catching fire, but not against the computer the dictator writes his stuff in getting hacked.
Re:Show HN: Centralized Coin – A Centralized Coin
by baby on Thursday April 15, 2021 @04:46PM
(#26825909)
Yes, but that is usually what resilience and high availability means.
Btw what you’re talking about is interesting because decentralized systems are often decentralized until you start thinking of implementations. Since most cryptocurrencies have a single software, one bug tend to affect the entire network. Some cryptos are looking into having several implementations but I think we’re not there yet.