I would have agreed with you but after checking wikipedia, decentralization is a... | Hacker News

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		bogdan on Feb 17, 2020 \| parent \| context \| favorite \| on: Iota cryptocurrency shuts down entire network afte... I would have agreed with you but after checking wikipedia, decentralization is actually the first requirement for it to be called a cryptocurrency. > 1. The system does not require a central authority, its state is maintained through distributed consensus. https://en.wikipedia.org/wiki/Cryptocurrency#Formal_definiti... https://www.merriam-webster.com/dictionary/cryptocurrency

true_religion on Feb 17, 2020 [–]

The codebase doesn't require a central authority, but in practice all keys for top level auth are held by the same entity.

bawolff on Feb 18, 2020 | [–]

Sort of like how society doesn't require me to not be a billionaire, but in practise i'm not a billionaire.

Code not deployed and probably never tested (perhaps never even worked) does not count.

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