Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin really still decentralized??
by
sapnu
on 13/12/2019, 22:39:22 UTC
After the years in trading Bitcoin it came more and more clear to me that Bitcoin is technically not decentralized anymore... its mainly owned by huge mining farms or early adopters who are able to manipulate the market at will, many exchanges playing with Bitcoin and Altcoins by making fools out of the normal Joe who wants to enter the Crypto world, i know many here will think that you should be ready and get informed before taking any step into the crypto world, but does it not bother anyone that some people are enriching them self by kicking the crap out of your wallets??
Bitcoin was never fully decentralized anyway! Worse is, you can never jump to that conclusion just by trading. You also seem mad because you are a trader and people with more bitcoins are able to manipulate the market. That literally has nothing to do with bitcoin being centralized. You can start a mining farm and control a good proportion of it as well? Or buy some bitcoins now and maybe after 10 years you'd be a whale?

Bitcoin Mining is dead unless you own a mining farm with the necessary hashrate, again only big companies having access to Bitcoin!!!
What is your thought about this??
It is what it is. If you don't like it, move on to something else. There are better coins in terms of security, anonymity, and decentralization if that's your need.
Indeed, there are still no organization or group of people who are taking responsibility about cryptocurrency, there is no person involved taking care about it, the forum itself have moderators but as a whole, there is no one. We can say that there are people you make cryptocurrency possible but where are they now, we did not even know who they are, the only thing we are thinking about behind all these is Satoshi Nakamoto. But we cannot find him, yes we can find the wallets he used and that is actually full of bitcoin.