Post
Topic
Board Bitcoin Discussion
Re: Has Bitcoin Finally Lost Its Decentralization?
by
Rabata
on 01/09/2024, 06:32:54 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.
One person can control a large part of Bitcoin and for this reason we cannot call it centralized. There is no denying that when an individual or organization controls a large chunk of Bitcoin, they can exert some influence over the market if they want, but that doesn't mean that they are able to centralize a decentralized platform. Bitcoin was and will be decentralized. Various individuals and organizations will continue to invest more and more around the potential of Bitcoin. Moreover, the governments of various countries are slowly getting interested in investing in Bitcoin. One of the reasons for this is that it is completely decentralized. If someone ever takes control then Bitcoin will become worthless. Bitcoin's greatest strength is its decentralized power.