How many shitcoins does it take to change a lightbulb?
22,627. The bulb can only be screwed in by bitcoin, but 22,627 shitcoins will try to convince you to replace all the wiring in your house.
Discussion
Maxis really fkin hate decentralization
I'm sorry what? It looks to me that you're calling a company whose primary shareholders are major exchanges (aka the company known as etheream whose CEO is Vitalik Buterin) which operates mostly as an illegal securities issuance company, as decentralized.
But maybe I misread what you wrote and just don't understand what you're trying to say.
What??? How?
For understanding the degrees of decentralization, I'd suggest checking out the framework of Trust Models from Vitalik Buterin ( https://vitalik.ca/general/2020/08/20/trust.html ).
Then I'd suggest applying this framework on "crypto" altcoins using recent knowledge from FTX, from Eth Staking, LUNA, and what not.
And then let's talk about decentralization :)
Quite the contrary. Shitcoins aren’t exactly decentralised…
Blockchains aren't decentralized. The Bitcoin blockchain is a grand unified centralized ledger of every fucking transaction across the entire currency, with 1 authoritative version that is synced up across multiple host nodes. That's distributed, like Facebook; not decentralized, like Nostr.
Nostr is akshully decentralized. No ledger (db) contains all the data. Each node (relay) hosts a different subset of data that doesn't require any other nodes or all the data for the system to work 'properly'.
Blockchain enthusiasts absolutely adore massively centralized, distributed systems.
