Decentralization is purely a means to the end goal of immutability. Decentralization is not the end in itself, and thereâs a lot of people out there who I feel have been misled into thinking that decentralization is the end goal in and of itself, and anything that has 80% decentralization versus 100% decentralization is a âshitcoinâ, when in my opinion thatâs simply not the case. I would much rather have high throughput, high features, high transactional capacity, low fees and immutability and censorship resistance with a middle-ground of enough decentralization to make that possible, versus the ridiculous notion of âmust have 100% decentralization. Must be able to run 1MB blocks on Raspberry Pi nodes, on laptops built in 1990, so that we can have 100% decentralizationâoh, but we can only do 4 transactions per secondâ and yes, Iâm talking about Bitcoin. And thatâs essentially the mindset of Bitcoin and thatâs again why I feel very strongly that thatâs a flawed mindset.
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