Post
Topic
Board Bitcoin Discussion
Re: I don’t think bitcoin is now decentralized
by
itsmyfirstaccount
on 23/12/2023, 07:52:22 UTC
What do you mean by miners are too centralized? and why do you assume that makes bitcoin no longer decentralized? You need to learn more about the concept of decentralization in Bitcoin, because you are thinking about the wrong concept about it.
Bitcoin will forever be decentralized and that will not change, because no one entity is managing the Bitcoin network as they please. Moreover, the issue regarding fees has nothing to do with miners, it is all related to Ordinal and the bullish market which makes the network congested.

I mean, ordinary people like me are difficult to become miners. The disk is 500 G, the Internet must be fast, and computer costs and electricity costs are high. These are the thresholds.

Therefore, in this world, Bitcoin has only 6,000 nodes. Most of them belong to one or two groups.

Therefore, such a system is centralized. They can do something, such as ignoring some transactions, and do not confirm (the possible public reason is that the transaction fee is too low).

Moreover, there is no trustworthy exchange place for Bitcoin's decentralized transactions. We must be KYC and become legal members.  BUT KYC is not a part of decenralization.

And this forum. I just posted a post about Satoshi, which was deleted for no reason.

Therefore, Bitcoin is not fair. Like the real world, some people (only a small part of the total) control important resources.

We, you and I are just fish.

I also found that many people only tipped in this forum for promotion. That's really bad. You post the posts just because you participated in the signature event (you must have enough posts to complete the task and get the bonus)? This is my first account on this forum. The experience is really bad, not only my post be deleted and not not only no notified. The atmosphere of freedom is gone.But the quality of all posts. It seems that the cognition is very low.