Quote from: konovalets on August 22, 2016, 07:15:33 PM

Quote from: expert4knowledge on August 17, 2016, 07:44:18 PM

Hello everyone, we can heard in this forum that bitcoin is not centralized and it is one of advantages, but what do you think about this article and the idea that bitcoin is not centralized? I am saying this based on below research which is done on ETH Switzerland and Germany.
https://www.ethz.ch/content/dam/ethz/special-interest/infk/inst-infsec/system-security-group-dam/research/publications/pub2014/spmagazine_gervais.pdf

The truth is that bitcoin becomes more centralized last three years because of asics and china miners, but compared to fiat currencies it's still very decentralized.

Bitcoin has no central control: no central repository of information, no central management, and, crucially, no central point of failure. And yet, most of the actual services and businesses built within the Bitcoin ecosystem are centralized. They are run by specific people, in specific locations, with specific computer systems, and they are susceptible to specific legal entanglements.