Re: decentralized vs distributed payments

> In my opinion, a better transactional system would allow users to issue brand new currencies with a click and set the rules for managing the currency supply (which is clearly centralized in Bitcoin), even if the ledger hosting and transaction clearing are not entirely decentralized. If currencies are tools for keeping accounts, people should not need to buy those numbers first.

Don’t know if you’ll find this helpful but what you describe sounds somewhat similar to groupcurrency.org <http://groupcurrency.org/>.

Cheers,
Greg

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> On Sep 26, 2015, at 9:07 PM, Jorge Zaccaro <jorgezaccaro@gmail.com> wrote:
> 
> 
> On Thu, Sep 24, 2015 at 9:06 AM, Melvin Carvalho <melvincarvalho@gmail.com <mailto:melvincarvalho@gmail.com>> wrote:
> A pure decentralized system would be much simpler. It would take the essential essence of money (a ledger + transactions) and have no other constraints.
> 
> This is really good. I've had similar impressions about the use of those words. "Decentralized" became a buzzword before we had the chance to ask ourselves what other things should be decentralized, such as the fundamental action of issuing a new unit of account without asking for permission or going through the hassles of proof-of-something systems.
> 
> In my opinion, a better transactional system would allow users to issue brand new currencies with a click and set the rules for managing the currency supply (which is clearly centralized in Bitcoin), even if the ledger hosting and transaction clearing are not entirely decentralized. If currencies are tools for keeping accounts, people should not need to buy those numbers first.
> 
> Furthermore, decentralization can also be achieved by creating a level playing field for centralized actors to expose their interactions in a decentralized way, such as the Web allows centralized players to expose their web sites using a decentralized system of URLs that no single entity controls.