* What is decentralization?
* Market decentralization
* No one needs permission to run a node
* More adoption ... more transactions ... bigger blocks
* Not just mining decentralization, but all business decentralization
Geographic centralization
* Peter Rizun: Speed of light constrains confirmation times
https://twitter.com/PeterRizun/status/987437949502472192
* Mini-rally
* One Money
* Bitbox: https://www.bitbox.earth/
* “I look forward to working with 74% of you into the foreseeable future” https://twitter.com/ryanxcharles/status/988157186583838720
* Bigger blocks ... Bigger decentralization
* What is decentralization?
* Bitpay adds BCH to point of sale app https://news.bitcoin.com/bitpay-adds-bitcoin-cash-support-to-checkout-point-of-sale-app/
* Cheapair to switch to BitPay
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https://www.youtube.com/watch?v=pVZcbBNrNUI
Aphorism: BTC is not Bitcoin.
Explanation: BTC changed the rules by adding segwit. Segwit removes the signatures from the chain of transactions, which violates the definition of a “coin” in the white paper. Furthermore, BTC has a strictly limited maximum block size which completely ruins all of the economics of the system. BTC is what happens when cypherpunk ideologues who have no idea about economics steal the name “Bitcoin” and use it for a project with little relation to the original idea of Bitcoin. Bitcoin is an economic system that is encouraged to succeed through thoughtful economic incentives. BTC is a boondoggle that will definitely fail.
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https://www.youtube.com/watch?v=3nwL0Ti-FgI
Aphorism: Bitcoin has two networks: miners and users.
Explanation: Bitcoin is decentralized because users send transactions directly to each other with no trusted third party. Users form a mesh network because each user connects only to the other users they transact with. Miners form a separate network. The miners form a small world network because every miner connects to every other miner. Both networks, miners and users, are connected. Together, the network structure is called a Mandala network.
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https://www.youtube.com/watch?v=XiNeUlXjhbA