points by cowlevel 7 hours ago | 0 comments
Stablecoins are literally central banks. Decentralised coins are literally decentralised central banks. Bitcoin's algorithm is a central bank.
[–] grey-area 7 hours ago
[–] broken-kebab 5 hours ago
They are decentralized cause they operate on a sort of consensus between nodes as was original premise. Are they "very decentralized" depends on your definition of "very", of course, and techical realities of a particular situation.
[–] icepush 6 hours ago
Decentralized central banks - are these the finance equivalent of dehydrated water ?
Any rules can and have been changed by those with leverage to do so (be that exchanges, miners or devs), in the end any system like this storing value is captured and controlled.