Tezos
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XTZ · 2w

Tezos being discussed on HN

> To make their intentions clear, Ethereum’s core developers reprogrammed their PoW code to create an exponential rise in mining difficulty. Known as the “Difficulty Bomb,” it began slowing the creation of new transaction blocks in late 2016 and was expected to bring ether mining to a grinding halt a few years thereafter.> This time bomb has, however, functioned more like an alarm clock with a snooze button. In October 2017, when mining time had already nearly doubled to 30 seconds, the Ethereum team reset the clock, delaying PoW’s doomsday by about 12 months. And they will likely hit snooze again shortly. How can Ethereum be decentralized if they can so easily keep changing it? > In June, they decided to make a clean break and to build an entirely new blockchain—one that operates solely via PoS. How can Ethereum be decentralized if they can so easily keep changing it? I'm a total dilettante in crypto but if something is decentralized you can't make large-scale changes to it at the drop of a hat. Imagine how much coordination effort it takes to change TCP/IP or HTTP. > How can Ethereum be decentralized if they can so easily keep changing it?The development of crypto has really demonstrated an institutional inertia to moving away from the blessed official implementation. Tons of BTC forks were tried and failed, and almost all coins die when development stops than see their clients forked. A lot of it, I imagine, has to do with... trust. That magical thing crypto users keep trying to keep decentralized. But when development of the currency is centralized... and at the end of the day, someone is the owner of the git repo... you can't decentralize the implementation of the currency. So what we see instead is enthusiasts putting their faith and trust in the sense of the developers of their chosen coin pretty much to the bitter end. ...
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