Lysander Spooner on Nostr: I'm against Bitcoin because of the grand unified centralized ledger, selling itself ...
I'm against Bitcoin because of the grand unified centralized ledger, selling itself as decentralized when it's really just distributed. Every resilient centralized database out there is hosted on dozens, hundreds or thousands of nodes. What makes a data layer 'centralized' is that each node tries to sync up to the same, single authoritative global state, like Twitter or Facebook or Bitcoin's CDN.
What makes a data layer 'decentralized' like Nostr is that there are dozens or hundreds of unique databases, with no conception of a single authoritative global state, and no requirement in the protocol to sync up to the same version.
In short, I think CBDC's are the bogeyman and BTC is their plan. You can't solve the Byzantine Generals problem without centralizing something, and Bitcoin centralized the most dangerous thing to economic freedom: The ledger.
Published at
2023-03-10 19:14:37Event JSON
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"content": "I'm against Bitcoin because of the grand unified centralized ledger, selling itself as decentralized when it's really just distributed. Every resilient centralized database out there is hosted on dozens, hundreds or thousands of nodes. What makes a data layer 'centralized' is that each node tries to sync up to the same, single authoritative global state, like Twitter or Facebook or Bitcoin's CDN. \n\nWhat makes a data layer 'decentralized' like Nostr is that there are dozens or hundreds of unique databases, with no conception of a single authoritative global state, and no requirement in the protocol to sync up to the same version.\n\nIn short, I think CBDC's are the bogeyman and BTC is their plan. You can't solve the Byzantine Generals problem without centralizing something, and Bitcoin centralized the most dangerous thing to economic freedom: The ledger.",
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