Nostr Web Client

I understand the desire to decentralize ownership of stuff. That part is the part that makes the most sense to me. However, I am not convinced that crypto is doing that... In fact, I think crypto is actually faking decentralization.

I would love to be proven wrong.

I'll use bitcoin as an example, since that is what seems to make nostr so popular.

1. 60%-70% of the Bitcoin blockchain is run on computers in China.

2. 1k clusters own 2 million BTC.

3. 10k clusters own 4 million BTC.

This to me sounds like not decentralization.

Russo 2y ago

Have you ever listen about Monero?

Have you ever listen about Dero?

Or are you talking about ETH, XRP, Quant?

I know Bitcoin have some problems but is the best fighter agains state money and marketcap shows that well.

If it is decentralized or centralized only the future will show that

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Discussion

Twizzay 2y ago

Much of the mining of the Monero privacycoin is done by a single mining pool named MineXMR.

https://www.theblockcrypto.com/linked/134117/concerns-grow-over-monero-mining-pool-that-has-44-of-the-networks-hash-rate

I have never heard of Dero. 🤷🏻‍♂️

I feel that if Bitcoin is the "best fighter" then crypto is not looking good.

From my perspective, crypto/web3 is not decentralized. It is REcentralized.

It removes money from government/state hands and gives it to a handful of strangers running the largest pools on whatever relevant blockchain. I don't think that is an improvement.

Russo 2y ago

Do you know any better solution?

There is room for improvements, but if we do nothing we put ourselves in a worst situation

Twizzay 2y ago

To me they sound like the same problem. I stick with fiat because its easier and I trust the government more than I trust some random company/org running crypto miners.

Thanks for taking time to talk with me about it.

Russo 2y ago

I don’t censure you, a choice is better than no choice 👌🏼