So...
BTC will remain decentralised. We need to find a method to regulate it to an extent which will only expand its use and acceptance.
BTC is here to stay... We just need to find a way of improving it!
Any suggestions?
P.S I'm half asleep so I haven't managed to include all aspects and give either argument to its full. My sincere apologies.
Bitcoin is not decentralized. It should be but the hashing power is centralized around the Asic producers and mining pools. P2Pool is one option, but sha-256 is centralizing as a hashing algorithm compared to Scrypt.
What technology do you think we would need to decentralize Bitcoin and Bitcoin exchanges so that what happened to Mt Gox can never happen again?
I read one idea that ATM networks could allow a decentralized exchange through them. Feasible?