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I would have agreed with you but after checking wikipedia, decentralization is actually the first requirement for it to be called a cryptocurrency. > 1. The sy

by byte1918 7y ago

I would have agreed with you but after checking wikipedia, decentralization is actually the first requirement for it to be called a cryptocurrency. > 1. The system does not require a central authority, its state is maintained through distributed consensus. https://en.wikipedia.org/wiki/Cryptocurrency#Formal_definition https://en.wikipedia.org/wiki/Cryptocurrency#Formal_definiti... https://www.merriam-webster.com/dictionary/cryptocurrency https://www.merriam-webster.com/dictionary/cryptocurrency

true_religion 7y ago
The codebase doesn't require a central authority, but in practice all keys for top level auth are held by the same entity.
- bawolff 7y ago
  Sort of like how society doesn't require me to not be a billionaire, but in practise i'm not a billionaire. Code not deployed and probably never tested (perhaps never even worked) does not count.