Quote from: feny.blackpink on June 16, 2018, 01:20:50 PM

Quote from: Abiky on January 02, 2017, 06:05:06 PM

As Bitcoin mining is partially controlled by Chinese miners, I have a feeling that sometime in the near future, Bitcoin can become centralized if no solution against this is proposed.

If BTC could manage to bring a solution towards mining centralization by preventing mining pools with the most hashrate to effectively gain control of the network, then it would aim to become more decentralized over the years.

As mining difficulty increases and new ASIC hardware gets developed, it would make it less possible for any average user to mine Bitcoin, thus making it more centralized each day.

Nevertheless, I would like to know your opinion about this, as if BTC becomes centralized, it might cause it to decrease in value, and most of all, violate the principles that it was created for.

i dont think bitcoin will become centralized just because mined by some big parties.
if they mining with a great portion of share, they only have bitcoin more than us, not making bitcoin centralized.
though with the amount of their bitcoin, they can control the market price.

No i do not think that even if you own the bitcoin because you have mined them that much it is not guarantee that bitcoin will be centralized because it is own by the certain country or national or the miners of bitcoin. And aside from that if they want bitcoin to centralized they should create another crypto but not bitcon because bitcoin is design as the developers wants it to be.