Post
Topic
Board Bitcoin Discussion
Re: Has Bitcoin Finally Lost Its Decentralization?
by
CryptoHeadlineNews
on 30/08/2024, 19:23:21 UTC
Thats a question we all would like to know. Has Bitcoin been finally sold out to big businesses, corporations, investment groups and even countries?? In the last few years these things have resonated louder than ever. Investment groups buying thousands and even millions worth of Bitcoin at a time, countries even making the once comical like currency its very own currency for everyday life. So the question once again is asked... Has Bitcoin Finally Lost It's Decentralization? Let us know of your thoughts and comments on this and thanks again.
The truth of the fact is that Bitcoin has not lost it's decentralized nature as a digital currency, but what happens is just that more private individuals and governments today has picked more interest in Bitcoin than ever, which gives them the ability to slightly affect it's price due to the large amount of Bitcoin they owned (i.e whares), whereby if they sell or buy just as Tesla did, it's slightly to affect it's price. But however, with the help of decentralized wallets and exchanges, it's still very possible for people to anonymously use Bitcoin, whereby they can still have full control over their funds. Hence, on that note, it shows Bitcoin has not completely lost it's decentralized nature.