Post
Topic
Board Bitcoin Discussion
Re: Bitcoin being decentralised an illusion?
by
dkbit98
on 12/08/2021, 09:35:16 UTC
Despite many supporters claiming that no government has control over the Bitcoin network or price (and that even if they do have control, they wouldn't hurt it due to innnovation), this seems to be proven untrue time and time again.
Braininactive nothing was proven untrue except in your mind, and banning miners from China only proves that their government can't control Bitcoin and miners.
Miners simply moved to other countries and even if hashrate dropped much more it wouldn't really hurt Bitcoin, especially looking at bigger picture of hashrate.
China want's total control of everything including currencies, so they made digital yuan to track people, and they don't want Bitcoin messing up their plans.

Also most recently with the Infrastructure Bill, the broad language used to define a “broker”, is a major blow to decentralization.
It is not affecting decentralization and it would be stupid to say that someone is controlling Bitcoin just because of some bill that is not going to be applied until 2023, and it still needs to be confirmed in House of Representatives.
The very act of making bill like this is proof that Bitcoin is decentralized and controlled by nobody, but big players can manipulate BTC price just like for any other asset, but that does not affect decentralization at all.