Quote from: mrquackquack on August 30, 2024, 10:03:55 AM

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.

No, it hasn't lost but it's not as decentralized as it once was because now big corporations own the majority of coins and mining became a commercial business. Today you can't mine Bitcoins at home while it was possible in 2016. Today only big corporations like BitFury can have a profitable mining business because they own thousands of miners and have access to a very cheap electricity. It leads to loss of decentralization but I like that Satoshi disappeared with 1 million Bitcoins in his wallet. 1 Million is a fair share and this share alone makes Bitcoin significantly decentralized because it's in good hands but if Satoshi doesn't ever appear, then this shair means nothing.
I hope there won't come time when Bitcoin will be fully centralized. Sadly, we are heading that path.