Post
Topic
Board Bitcoin Discussion
Re: What to do when BTC is overrun by a centralized mindset?
by
Wind_FURY
on 07/10/2016, 03:15:55 UTC
After putting a few feelers out there it is obvious what you will do.

You will follow the status quo and do nothing to flush out the sickness.

These are your own words. That's what YOU would do, or so it seems. You cannot generally apply a rule.

Bitcoin is looking good and there are no other cryptos worth moving your BTC to. Mining will get better soon with western business coming in the game (like McAfee)

For now, eastern countries have way better energy costs. Unless western countries (like the USA) bet even more on renewable energies, they will not be able to match hashrates and infrastructures found on the East.

Bitcoin will never be overrun by a centralized mindset because its miners are dispersed all over the world. Maybe China dominates mining, but there are miners in western countries, and there always will be. As long as mining is a worldwide activity no centralized mindset can control it.

Maybe but always keep in mind that the cartelization of Bitcoin mining is happening right now. If you think this to be impossible then I would say that you are being naive. People are people and it is in our very nature to want to gain control of something and have some power over it. What is stopping the top Bitcoin miners from talking with each other to help steer their agenda and self interests?