Is Bitcoin that really decentralized, as you believe?

[yousufatik20]

Everyone here believes, that Bitcoin system is fully decentralised and is not
affected by any authority.

Almost everyone at this forum understand, that bitcoin nodes work by some rules and
the nodes, that do not obey that rules are simply ignored.

Well. Then I have a question.

We have a single authority, that provided that rules, right?
The same authority is in the posession of the majority of the nodes, as far, as they update to new versions of the software.
Right?

So, we have a single center, that not only presented us The Idea, The Rules, The Standard, The Protocols, The Software - in the past,
but can and will inevitable change the rules, the standarts, the protocols and the software.
Well, software may be reimplemented by the third parties, that is a not a problem.

But the rules? The nodes, that do not obey The Rules are ignored, remember?
One single center have the freedom to manipulate the rules.

Who is the center? Is it a person, or just an account on a hosting? I think, that accessing an account will be enough to manipulate the system.
So, the system is as secure/vulnerable, as the hosting account used to distribute the software, or what?
Your money is as secure as some hosting? OMG...

[bdsharminsoltana]

Not so much angry, just irritated by your speech pattern.  You waltz in, claim that "we're not really decentralized" without understanding how it works.

EVERYONE has permission to modify the code, and EVERYONE has the CHOICE to choose what they run.    There is no "central authority".  There just happens to be one person right now who provides bitcoin source.  If that were interrupted, either the system would die, or someone else would take up that mantle.  That fact isn't "too obvious to discuss further", you're simply not understanding the idea behind Open Source Software.

[Oduvan]

I do not think that there are any nodes to which there is access, I think there is a basic firmware that can not be changed, and there are additions in the form of hard forks!

[kamal420]

You guys are still arguing with this buffoon?

He's arguing that the system should be secure even if the majority of people are compromised.  There's no way to control that.  If over half the people in the entire US economy conspired to specifically thwart the others, they would succeed.  If over half the computers coordinated to falsify the internet, they would most likely succeed.  But, if you control over half the internet, what's the point of subverting it?

This very fact is what MAKES it decentralized:  The majority controls the system, not some subset/minority of the population.  Not even to mention the fact that 51% would probably be insufficient to overpower the system convincingly, as it's still dependent on luck.

[bhm45]

I really think what he is trying to point out is that the scarce commodity backing bitcoin's accounting was created by code fiat. Anyone who changes the fiat changes everything.

[zendicator]

Yes I believe so. No one controls the bitcoin and its blockchain. Government cannot steal it, or even hackers except if you give them your private key.

[Chomzzy]

Yes of course, bitcoin has a very decentralized structure ,it's very obvious as it doesn't have any central bank or a regulatory body whatsoever controlling its activities.

[aiviaa485]

Bitcoin will be decentralized because Bitcoin is not owned by something centralized.
But from that the price of Bitcoin has always changed in price and I believe that Bitcoin is decentralized.

[aji678]

We accept the code voluntarily, not by coercion. If better code comes along, we are welcome to leave the current code for the better code. The author of the code holds no power over us or our ability to choose any code available. Therefore he has no authority over us. We have accepted his judgment because he has not sought dominion over us or our common currency.