Post
Topic
Board Bitcoin Discussion
Re: Has Bitcoin Finally Lost Its Decentralization?
by
fiulpro
on 30/08/2024, 14:10:49 UTC
Is there any true Decentralisation?  Roll Eyes

As long as people are financially built different they have less/more assets pertaining to their finances and current situation, which means if a person holds a huge sum, undoubtedly he can sway the market and I have come to believe that people who are rich can contact each other and make profits together by dumping and pumping the market.

I do not believe that there is true decentralisation its a notion and bitcoins is still faring better than other currencies in this state but as long as people hold different amounts their market ratio is going to be different and that’s where the whales come in.

I believe bitcoin was never truly decentralised and its as decentralised as it was supposed to be, we cannot truly change this can we ?