• 8 Posts
  • 13 Comments
Joined 1 year ago
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Cake day: July 3rd, 2023

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  • Because it’s polycentric. Each instance is a center. When an instance goes down, it takes all its users and data with it.

    I know people around here aren’t fond of cryptocurrency, but bitcoin is what I’d consider a truly decentralized system. Nothing is lost to the network when a bitcoin node goes down. As long as you have your private key, you can spend from any node, and you don’t even need a node to receive.

    I believe it’s helpful to distinguish between the two types of systems.