Post
Topic
Board Bitcoin Discussion
Re: Decentralization and lack of authority as a weakness
by
lockshop11
on 11/07/2015, 10:06:46 UTC
I've seen many people lately criticising bitcoin's lack of authority as a possible weakness. From what it seems, users have to put (at least some) trust to miners and pools and rely on them for things like generating blocks with updated clients, including transactions etc. Wouldn't such an issue scale up as bitcoin grows? Could it be addressed somehow?
The concept of decentralization is totally different from our commen one! So most of ppl don't understand it and may think it is weak. But it is the advantage bitcoin are offering to us.