Quote from: Bitcoinislife09 on December 14, 2019, 06:44:21 AM

Quote from: satori1 on December 12, 2019, 10:15:48 AM

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 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??

I still have question about bitcoin being a decentralized system, we all know that bitcoin as a digital cash and it could send bitcoin to anyone using the miners which is the one that process the transaction who owns the blockchain if the transactions were all anonymous there could be someone who maintains the system of the bitcoin or is it just the bitcoin wallet that they need to maintain and just using bitcoin as an assets?

I think the transaction is not anonymous because anyone can trace it on the blockchain. Though I still believe Bitcoin is still decentralized even though the distribution is not proportional. Anyone can mine Bitcoin as long as they have good enough hashes to compete on the mining industry. Anyone can send Bitcoin without anyone interfering it as long as the tx fee is sufficient. I believe being decentralized and not proportional distribution is two different category.