DECENTRALIZED
DECENTRALIZED (Runes)
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Lol how? You guys need to ask an LLM how the US Federal Reserve works. He can't fire him. He would have to sue him and prove in court he did something that warrants him getting removed from the position as Fed Chairman. Let's say "Chairman Pao" 😂😂gets replaced, it doesn't matter. The chairman is a messenger on behalf of the DECENTRALIZED Federal Reserve. Ain't decentralization awesome!
And I’m talking in general. In general nobody uses stuff like hyperliquid and it is not the reason crypto has any value. The only reason crypto has any value is because you can trade it on CENTRALIZED exchanges. That is where all the value comes from. The DECENTRALIZED things you can do with crypto have next to no value. If crypto was ONLY decentralized it would be worthless.
DECENTRALIZED ... This is exactly why crypto exists or times like these. just saying.
>Decentralized platforms have until 2027 before full reporting kicks in If they're TRULY DECENTRALIZED, they wouldn't give a flying monkey about IRS. Shitcoiners still don't get it.
*Legit question:* governments attaching themselves to Bitcoin or crypto in general, wouldn’t that kill the whole ***DECENTRALIZED*** aspect of Crypto?
Which better project has survived 12 years despite the much FUD from crypto space, SEC lawsuit? And xrpldger is fully decentralized Ripple only control 1 node of the network. Every change to the network happened thought voting like the last time they voted to add smartcontract and defi. If you referring to ripple it’s a company building their infrastructure around Xrp ledger just like organization building lightning network to use Btc. Ripple is centralized and XRP LEGER IS DECENTRALIZED, they are two different things.
Indeed. A DECENTRALIZED fair set of rules, no one nation or central bank can control. Globalists champion a CBDC.
Having Bitcoin is nice, however having a secure bitcoin network is even nicer. Support the network by running a Node. [Download Bitcoin Core](https://bitcoin.org/en/download) You also don't need to download the entire blockchain, you can run a Pruned Node, and you will be contributing to verifying the Bitcoin Blockchain. If you don't have port 8333 unblocked, then you're not supporting the network. So you might need to do some additional steps to **allow incoming connections on 8333** or possibly set up port forwarding on your router. Use [bitnodes.io](https://bitnodes.io/) to check if your node is actually supporting the network by having incoming connections unblocked on port 8333. You care about stacking sats, then you should also care about running a node. And as bitcoin gets ever more popular and ever increasing attention, its going to take our consensus to enforce the rules and keep it DECENTRALIZED.
Forking Bitcoin into a different coin, calling it "Bitcoin" and making our original "Bitcoin" be called with a different name (example "BitcoinOld"). But as it is a DECENTRALIZED currency, they need consensus, people around the world may choose to stick to the "BitcoinOld" instead to the new "Bitcoin" forked by BlackRock. This situation already happened, BitcoinSV is close to the original Bitcoin. [https://www.visualcapitalist.com/major-bitcoin-forks-subway-map/](https://www.visualcapitalist.com/major-bitcoin-forks-subway-map/) (this explanation is very simplified).
People kind of like the financial world being so complicated because then they think they are smart if they have all these "diversified investments" ... which actually aren't diversified anyways lol... The economy basically runs off of 10 companies, but everyone thinks they are so diversified off of every different equity and financial instrument. People love the complicated lingo and the complicated bullshit! 🤣 It makes them feel smart! But ACTUALLY smart people understand that keeping things simple is how the world works... Go ahead and make it confusing, but everything is very simple if you boil it down.. And a distributed, decentralized, digital ledger is very simple. It's literally perfectly engineered money. Look up the attributes of money! It's very simple!!!! People WANT to complicate everything in life! They almost just overthink it. Everything in modern society is based on "money". The entire financial world can be boiled down to people wanting to make money.. Even people's homes! They think it's "increasing in value".. But if you are ACTUALLY intelligent, you realize that nothing "increases in value"... It's just the money losing value! ABSOLUTELY EVERYTHING WILL LOSE VALUE IN COMPARISON TO A DECENTRALIZED, DIGITAL LEDGER!!!! you don't need anything else Basically I just tell people that they must understand how the bitcoin network and mining works for them to understand the value of it. Of course you're gonna think it's a scam if you don't understand that, or the current system of money and banking works
The US doesn't OWN bitcoin.. they can try regulating all they want. This isn't the UN. They can't veto bitcoin. 😂 They don't have power over bitcoin. Bitcoin is a DECENTRALIZED PEER TO PEER NETWORK.
Bitcoin doesn´t give a shit about a wannabe dictator. Bitcoin is GLOBAL and DECENTRALIZED freedom.
THE TRUTH is THAT FOR CRYPTO TO SUCCEED AND PERFORM BETTER THAN THE STOCK MARKET. The stock market has to crash and global fiat has to crash, THATS THE ESSENTIAL ENTIRE POINT OF DECENTRALIZED CRYPTO It survives the disaster and devaluation of all markets in the centralized fiat banking system, the curse of a greed system ran in debt and devaluation inflationary loss of purchasing power. economies have to suffer and nations will collapse before the world adopts crypto as the new global standard leaving centralized bank behind as a outdated and discarded. from nearly dead petrodolla to failing yuan so devalued china was forced to do DIGITAL YUAN it nearly impossible to have physical yuan accepted in china now since real yuan cash isn’t recognized nor tracked by the ccp social health code that allows purchases or payments. everything from the crash of chinas manufacturing to the usa banks liquidity crisis and how bank runs already begun in usa and usa band are going cashless and the elite bankers are telling insiders get out off banks and gold is the only safe haven left. btc and litecoin are literally build with deflationary scarcity to impede devaluation or dilution for around 116 till 2140 for btc and 2143 for ltc, they both are designed to out live any nations fiat left on earth. creepiest truth is the wealthy 1% of the world know this and want every btc & ltc they can get cause 1% of global 7 billion population is 70million and there is only 21 million btc and only 84 million ltc and the ones holding the most crypto will be the .1% wealthiest in earth ever.
THE TRUTH is THAT FOR CRYPTO TO SUCCEED AND PERFORM BETTER THAN THE STOCK MARKET. The stock market has to crash and global fiat has to crash, THATS THE ESSENTIAL ENTIRE POINT OF DECENTRALIZED CRYPTO It survives the disaster and devaluation of all markets in the centralized fiat banking system, the curse of a greed system ran in debt and devaluation inflationary loss of purchasing power. economies have to suffer and nations will collapse before the world adopts crypto as the new global standard leaving centralized bank behind as a outdated and discarded. from nearly dead petrodolla to failing yuan so devalued china was forced to do DIGITAL YUAN it nearly impossible to have physical yuan accepted in china now since real yuan cash isn’t recognized nor tracked by the ccp social health code that allows purchases or payments. everything from the crash of chinas manufacturing to the usa banks liquidity crisis and how bank runs already begun in usa and usa band are going cashless and the elite bankers are telling insiders get out off banks and gold is the only safe haven left. btc and litecoin are literally build with deflationary scarcity to impede devaluation or dilution for around 116 till 2140 for btc and 2143 for ltc, they both are designed to out live any nations fiat left on earth. creepiest truth is the wealthy 1% of the world now this and what every btc & ltc they can get cause 1% of global 7 billion population is 70million and there is only 21 million btc and only 84 million ltc and the ones holding the most crypto will be the .1% wealthiest in earth ever.
I can tell you the logic that was used at the time, if you’re interested? The year was 2020. It was a wild time. Work from home? A new concept. Zoom? Created out of necessity. This also pushed Zuck and others to invest heavily into VR. In 2020, VR was like AI. Super hot. Of course, there then had to be DECENTRALIZED VR. Then crypto took off. Everyone was stuck at home, VR made sense and crypto was going nuts. And you had a lot of execs, celebs and other people spending time in VR spaces. So the logic behind “buying land” was that you would bump into VR Brian Armstrong and be able to pitch your startup idea. There was at least, SOME logic. As much as there can be in a Covid crazed bull run.
I think a) You're probably mentally ill b) A one world DECENTRALIZED digital currency would be amazing, and more harmful to the capital class than anyone else. You think this is by rich people against poor people? You've got it all wrong compadre. This is a poor people weapon against the rich. I hope you get the help you need to ease some of that paranoia, and eventually see Bitcoin for what it is. As it is I suspect you may be a Bitcoin maxi just trying to drive the price down, your viewpoint is so out of touch with reality.
1) why do you want the government involved in a decentralized asset? Let me tell you, you don't. If will soon not be decentralized. 2) the first two "points" are just easy things to say and not do... Free x has been a calling card for decades and you people eat it up like chumps. 3) SBF - "Fuck regulators" --- last time I checked, regulations cause a danger to the idea of decentralization, and we didn't want that. There had to be a solution through code??? When did this idea change because the old guy with no idea about the actual potential of a true DECENTRALIZED system read a piece of paper at a campaign event? Trump cultists need to just be honest on why they are voting for him. We all know why.
You DO NOT roll out a worthwhile DECENTRALIZED PPoS blockchain on day 1. It takes time. You're choosing to dismiss the reasons for those allocations.
This post is just as stupid as the posts you’re referring to. You’re in a subreddit that is based on a DECENTRALIZED currency that represents true freedom and you’re trying to influence what people post? You are effectively a clown.
This is what FIT 21 is using as their criteria: ----------- (24) DECENTRALIZED NETWORK.—With respect to a blockchain system to which a digital asset relates, the term ‘decentralized network’ means the following conditions are met: * (A) During the previous 12-month period, no person— * (i) had the unilateral authority, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise, to control or materially alter the functionality or operation of the blockchain system; or * (ii) had the unilateral authority to restrict or prohibit any person who is not a digital asset issuer, related person, or an affiliated person from— * (B) During the previous 12-month period— * (i) no digital asset issuer or affiliated person beneficially owned, in the aggregate, 20 percent or more of the total amount of units of such digital asset that— * (ii) no digital asset issuer or affiliated person had the unilateral authority to direct the voting, in the aggregate, of 20 percent or more of the outstanding voting power of such digital asset or related decentralized governance system; or * (iii) the digital asset did not include voting power. * (C) During the previous 3-month period, the digital asset issuer, any affiliated person, or any related person has not implemented or contributed any intellectual property to the source code of the blockchain system that materially alters the functionality or operation of the blockchain system, unless such implementation or contribution to the source code— * (i) addressed vulnerabilities, errors, regular maintenance, cybersecurity risks, or other technical improvements to the blockchain system; or * (ii) were adopted through the consensus or agreement of a decentralized governance system. * (D) During the previous 3-month period, neither any digital asset issuer nor any affiliated person described under paragraph (20)(A) has marketed to the public the digital assets as an investment. * (E) During the previous 12-month period, all issuances of units of such digital asset were end user distributions made through the programmatic functioning of the blockchain system. https://www.congress.gov/bill/118th-congress/house-bill/4763/text#toc-H2381FC5FD656436F893106962DDB6D63 Hat tip to [hanniabu](https://np.reddit.com/r/ethfinance/comments/1cxsana/daily_general_discussion_may_22_2024/l59g4fs/)
https://np.reddit.com/r/ethfinance/comments/1cxsana/daily_general_discussion_may_22_2024/l59g4fs/ I don't know enough about Ripple to figure out if it qualifies. ----------- (24) DECENTRALIZED NETWORK.—With respect to a blockchain system to which a digital asset relates, the term ‘decentralized network’ means the following conditions are met: * (A) During the previous 12-month period, no person— * (i) had the unilateral authority, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise, to control or materially alter the functionality or operation of the blockchain system; or * (ii) had the unilateral authority to restrict or prohibit any person who is not a digital asset issuer, related person, or an affiliated person from— * (B) During the previous 12-month period— * (i) no digital asset issuer or affiliated person beneficially owned, in the aggregate, 20 percent or more of the total amount of units of such digital asset that— * (ii) no digital asset issuer or affiliated person had the unilateral authority to direct the voting, in the aggregate, of 20 percent or more of the outstanding voting power of such digital asset or related decentralized governance system; or * (iii) the digital asset did not include voting power. * (C) During the previous 3-month period, the digital asset issuer, any affiliated person, or any related person has not implemented or contributed any intellectual property to the source code of the blockchain system that materially alters the functionality or operation of the blockchain system, unless such implementation or contribution to the source code— * (i) addressed vulnerabilities, errors, regular maintenance, cybersecurity risks, or other technical improvements to the blockchain system; or * (ii) were adopted through the consensus or agreement of a decentralized governance system. * (D) During the previous 3-month period, neither any digital asset issuer nor any affiliated person described under paragraph (20)(A) has marketed to the public the digital assets as an investment. * (E) During the previous 12-month period, all issuances of units of such digital asset were end user distributions made through the programmatic functioning of the blockchain system.