News for hackers. Stuff that matters.
Re:SEC asked Coinbase to halt trading for everything except ... by siwatanejo on Monday July 31, 2023 @02:39AM (#36939468)
Anything other than bitcoin is centralized. (BTW, ETH is PoS so it's inherently centralized despite the number of validators.)
Re:SEC asked Coinbase to halt trading for everything except ... by rvnx on Monday July 31, 2023 @03:09AM (#36939605)
Moreover, anything running on code coming from a source-code repository that has majority influence from one organization is actually centralized
Re:SEC asked Coinbase to halt trading for everything except ... by GoblinSlayer on Monday July 31, 2023 @06:09AM (#36940587)
How do you know what software people use? How people run asic miners? Is it supported by vanilla bitcoin too?
Re:SEC asked Coinbase to halt trading for everything except ... by mufti_menk on Monday July 31, 2023 @03:10AM (#36939608)
Even Monero?
Re:SEC asked Coinbase to halt trading for everything except ... by lawn on Monday July 31, 2023 @01:14PM (#36945770)
Of course not, Monero is as decentralized as they come.

And with it's ASIC resistant POW it's arguably more decentralized than Bitcoin (and almost all other) POW based cryptocurrencies.

Re:SEC asked Coinbase to halt trading for everything except ... by username332211 on Monday July 31, 2023 @03:22AM (#36939673)
So, if I want to create a decentralized cryptocurrency what should I do? Name it "Bitcoin"?
Re:SEC asked Coinbase to halt trading for everything except ... by siwatanejo on Monday July 31, 2023 @04:21AM (#36939996)
It is impossible to create a decentralized cryptocurrency because it has already been created.
Re:SEC asked Coinbase to halt trading for everything except ... by username332211 on Monday July 31, 2023 @04:41AM (#36940111)
So, the fact someone created something means you can't create another thing of the same nature.

I hate to ask you that, but you're trolling, aren't you?

Re:SEC asked Coinbase to halt trading for everything except ... by siwatanejo on Monday July 31, 2023 @11:58PM (#36952106)
Re:SEC asked Coinbase to halt trading for everything except ... by victorbjorklund on Monday July 31, 2023 @06:07AM (#36940572)
That is a silly argument. Guess you also think there only exist one fiat currency because it already exists one so there can't be two of them?
Re:SEC asked Coinbase to halt trading for everything except ... by siwatanejo on Monday July 31, 2023 @11:57PM (#36952101)
That is the silliest point of all, because the concept of fiat currency is inherently associated with its plurality (given that fiat currencies are born out of countries, and there are many countries), but cryptocurrency, as a concept, came to existence to destroy all fiat. And the only way to do that is via 1 single cryptocurrency: the very first, the only one. And this is better understood once you understand this: https://en.bitcoin.it/wiki/BIP_0300 (which is not activated yet, and might never be; but once you understand its purpose, you will understand this HN thread)
Re:SEC asked Coinbase to halt trading for everything except ... by GoblinSlayer on Monday July 31, 2023 @06:05AM (#36940552)
I thought it's the opposite.