The Centbee Show 30 - Bitcoin is NOT Decentralised!

In this episode of the Centbee Show, hosts Lorien Gamaroff and Kage Ntshingila tackle the popular misconception that Bitcoin (specifically BTC) is decentralised.

The discussion unfolds in several segments, beginning with reflections on their show's outreach and then emphasising that the term 'decentralised' has been significantly misconstrued and inflated beyond its original intent in the Bitcoin white paper by Satoshi Nakamoto. The hosts argue that BTC has deviated from Nakamoto's vision, particularly with the introduction of changes like Segregated Witness (SegWit) and Replace-By-Fee, which, according to them, compromise the network's integrity and legality.

They explain that true decentralisation refers to a stable, immutable protocol that cannot be altered by any single party, which they assert is the case with Bitcoin SV (BSV), not BTC. The episode further discusses the concept of decentralisation as a means to an end rather than an end in itself, intended to create a robust, reliable, and legally sound system rather than a tool for evading government regulation.

Gamaroff and Ntshingila also touch upon the Centbee app's features, aiming to showcase Bitcoin's utility as cash for everyday transactions.

The episode concludes with a Q&A segment, responding to viewer feedback and reiterating their stance on Bitcoin's true decentralisation and functionality.

Centbee: https://centbee.com
BSV Association: https://www.bsvblockchain.org
Lorien Gamaroff's Substack: https://gamaroff.substack.com

Articles and Channel attributions:
https://www.bsvblockchain.org/news/stewards-of-the-bsv-blockchain
https://youtu.be/uy0agm8Q_Rw
https://youtu.be/2szlBL-yLOg
https://www.youtube.com/watch?v=zGEQspB8Ei4
https://twitter.com/bitcoin_beyond
https://coingeek.com/bsv-association-connor-murray-marcin-zarakowski-talk-network-access-rules-on-coingeek-weekly-livestream-video/

Other BSV Channels on Youtube:
https://www.youtube.com/@bsvbitcoin @bsvbitcoin
https://www.youtube.com/@BSVsearch @BSVsearch
https://www.youtube.com/@GavinMehl @GavinMehl
https://www.youtube.com/@CoinGeek @CoinGeek

00:30 Welcome to the Centbee Show
01:23 Debunking Bitcoin Decentralisation Myths
03:44 Exploring Mobile Money with Centbee: Shopping Made Easy
08:04 Deep Dive into Bitcoin's Decentralisation and Satoshi's Vision
23:36 BTC's Departure from Satoshi's Original Bitcoin Design
26:56 Decentralisation Debate: BTC vs. BSV
28:37 The Myth of BTC Adoption and Business Innovation
29:50 BSV's Approach to Adoption and Innovation
31:36 The Centralisation of BTC and Its Implications
34:15 The Role of Miners and Protocol Stability in BTC and BSV
40:16 Decentralisation Defined: BSV's Fixed Protocol
45:27 Viewer Engagement and Closing Thoughts