Gigi

glad you asked. only Bitcoin is really decentralized. i recommend this blog for further education: https://dergigi.com/

> And in any case, there are other ways to build a global system for transferring money that is many orders of magnitude more efficient, so there is still no reason for society to support the cost of bitcoin, because it’s a terrible alternative. Good. Build one. That's a huge arbitrage opportunity. The market will decide. Meanwhile we'll continue building systems on top of Bitcoin[2]. Game on. See you in 50 years. > And no, people don’t want or need a completely decentralized, trustless etc payment system. It’s a non-goal Now you're being hopelessly naive to the point of being helpless and ineffective in the real world. Travel the world a bit. Learn what real humans need. Learn history.[0] Learn how many have been ruined by a legacy financial system built on manipulable currencies and fiat.[3] At the very least, open your mind[1] and just learn instead of pounding your chest to confirm your narrow priors. The goal is to get smarter not less smart. [0]: https://breedlove22.medium.com/our-most-brilliant-idea-aced329f8941 [1]: https://breedlove22.medium.com/bitcoin-is-hope-bedce21b3648 [2]: https://dergigi.com/2021/01/14/bitcoin-is-time/ [3]: https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404…

Random things I found interesting: https://dergigi.com/2021/01/14/bitcoin-is-time/ https://blockstream.com/eltoo.pdf

Proof of Work is the source of truth [0]. That is why Proof of Stake cannot work. You are describing one of the biggest of the problems with PoS perfectly. [0] https://dergigi.com/2021/01/14/bitcoin-is-time/

A cryptographically signed picture may tell you its from a certain artists, but it cannot enforce uniqueness. There are only two options - tokens, and ledgers. Despite the name, there is no such thing as a digital token, because digital objects cannot move, they only copy. So you need a ledger, so basically something like a blockchain, to keep track of copies. https://dergigi.com/2021/01/14/bitcoin-is-time/

There was an article linked on HN talking about exactly this. https://dergigi.com/2021/01/14/bitcoin-is-time/

As I said, it's just all so tiresome. > People are never allowed to criticize it without the same, repeated feedback “If that’s what you think blockchain is, then you don’t understand it.” That's because the criticisms are always the same talking points, all of which have been addressed multiple times ad nauseam. If Bitcoin advocates appear dismissive or opaque it may be that they're exhausted of debunking the same criticisms over and over again, particularly when there's a wealth of information out there to find. Though you have to be willing to leave the anti-Bitcoin media bubble. Perhaps all us Bitcoiners are sufferring from delusions reinforced by confirmation bias, but perhaps you are too? > Why doesn’t someone, then, who actually understands their almighty blockchain god, illuminate us, mere mortals, on the wonders of blockchain and how it can be good for society in the foreseeable future. This kind of snark also doesn't help with the above. But if you're actually curious I thought this did a decent job of explaining Bitcoin's blockchain, decentralisation, and trustlessness: https://dergigi.com/2021/01/14/bitcoin-is-time/ > You know what’s really tiresome? Having the promises of blockchain sold to us for years now without a single, useful purpose for it in sight other than, well, cryptobros. Perhaps you should stop listening to the promises of "blockchain" and "crypto" and instead focus your learning efforts on Bitcoin only... cryptobros be damned. Bitcoiners…