Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin truly decentralized?
by
MiriamWeston
on 29/09/2017, 01:53:55 UTC
"Decentralized" by itself is not valuable, but if it leads to you being able to choose your own monetary policy and it leads to you being able to pay whomever you want to pay without interference, then it's valuable, and that's what Bitcoin allows you to do. What I'm getting at is that I hear often how Bitcoin being decentralized is one of it's biggest appeals. That's usually followed up with, it can't be manipulated by bureaucrats, or something similar. I just don't see the difference when something like the fork happens. The developers and miners are acting out of their own self interest and opinion which may or may not be good for the future of the currency, the investor, or casual bitcoin user.