this post was submitted on 25 Aug 2023
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Monero Memes
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Is LTC (and ETH, and half-BTC) supposedly not decentralized according to this?
I would say so, kind of half way there. Giant centralized mining operations on specialized hardware make it not that decentralized.
"Not that decentralized" != "not decentralized" Monero does not need to go the path of bitcoin maxis - trying to promote its own coin by shitting on everything else seems like a losers' strategy :( IMHO, if you wanted to show contrast with not decentralized coins you could have just used XRP, BNB and all the others truly centralized coins instead.
I did not make the graphic so relax. Decentralization is not on or off, it is a spectrum.
Cool cool, agreed