Post
Topic
Board Bitcoin Discussion
Topic OP
Is Bitcoin really decentralized? Confused by the Mtgox incident
by
david_lebrand
on 11/02/2014, 00:45:22 UTC
as we all know that bitcoin was designed to be a decentralized currency. Yet people have pointed out that 50%+ computing power is owned by only few mining pools. It really hits me hard when people still claim bitcoin as a decentralized currency, especially after yesterday's unfortunate Mtgox incident. Yes, Mtgox surely did a bad coding job. But please really think about who were the attackers?

In order for such faked transactions getting included in the blockchain fast enough and "lucky" enough, I assume it must have something to do with those "centralized" groups of people, at least.