Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin really still decentralized??
by
Meowth05
on 12/02/2020, 13:32:52 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 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??
First of all, Bitcoin mining isn't dead and if it does there will be an impact on Bitcoin circulation. Not gonna lie whales, miners whatever they are, do have big part in manipulating the market but this not necessarily mean they got the crypto market entirely.It is decentralized simply because everyone is free to make transaction without involvement of third parties.