kateryna.oliinyk
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When something is decentralized, does that means...

Thu Jun 29, 2017 8:53 pm

When something is decentralized, does that means...
There is no shut off button? Or am I incorrect? What if the company/developer who created the crypto goes bankrupt or suddenly decides to stop.

KirillManhattan
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Re: When something is decentralized, does that means...

Fri Jun 30, 2017 12:36 am

Imagine that all operations with bitcoins occur in the so-called "neutral waters". This will be a good analogy of what is happening now with the popular crypto currency. Just the principle of decentralization, in which there is no possibility to control and control, is similar to the laws of neutral waters, under which, no matter what you do, no one has the right to violate your actionsThe only thing that can affect your location in neutral waters is how dangerous and damaging to the nearby state your actions will be. <br> <br> Natural, if this damage is minimal, you will not strive, swim away, and find somewhere nearby. If you plan more global and destructive for others, then, to avoid looming and not to remind yourself once again, you are trying to hide as far as possible deep into the ocean.

Rmcdermott927
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Re: When something is decentralized, does that means...

Fri Jun 30, 2017 5:51 am

It simply means that control is distributed and there is no central entity with full control. Everything is shared.
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