Quote from: tiCeR on Today at 09:15:16 AM

Quote from: NeuroticFish on July 05, 2021, 08:05:42 AM

Quote from: Auroraner on July 05, 2021, 07:47:09 AM

The whale manipulates its value and is so easily manipulated. Is this decentralization?

1. Bitcoin is decentralized. This means that its network is decentralized. Get offline some miners and everything will run. Get offline some nodes and everything will run. No central point (of failure).
2. Bitcoin price is not related to decentralization. And even though it may be indeed manipulated, the manipulation is far from easy to be done.

Hm, are you sure Bitcoin's price is not related to decentralization? You may respond now that any currency being decentralized would then be as valuable as Bitcoin, but that argument doesn't hold true as Bitcoin is a forkable (don't know if the word exists, but you know what I mean) protocol, but not a forkable ecosystem. The fact that not a single entity can change the database at will gives Bitcoin value. The fact that only with the consent of the majority the database can be changed gives Bitcoin value. If it were to be decided that by August 1st there'd be one single entity in charge of keeping the database intact for the rest of the world would send Bitcoin's price on its way to zero. Or what do you think?

Maybe I should have phrased this better: "Bitcoin price manipulation is not a measure of its decentralization."
But you could also have read my post in the context I wrote it.

All in all, you just told me the sky is blue. Thank you.