Hacker News Reader

I think I’d probably agree with you. But Blockchain technology (the backbone of a decentralized movement) is the parent to bitcoin.

I’m speaking on Blockchain, not bitcoin.

View on HN

Even viewing it more generically, the same scaling issues apply, and the same inevitable re-decentralization awaits it. Centralized systems trade robustness for efficiency. The drive to lower costs will always result in re-centralization.

The scaling problems aren't necessarily only a symptom of decentralization. Proof of stake scales much better than proof of work, for instance.

Your right, they can be at your secrity module cost.

I currently (as I understand the state of pos) see pos useful for other the other blochain ESC stuff and pow for a safe currency (BTC)

Reply on news.ycombinator.com