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.
Not quite. Bitcoin is still decentralized, despite the fact that most institutions are buying large sums of the circulating supply. What matters is node distribution and miner support. The rich can control the supply, but they won't be able to control the network hashrate. This means, they will be left out of the network consensus. It's ultimately in the hands of miners and node operators (people like you and me who run a full node at home). This is only possible in a PoW chain like Bitcoin.
For Ethereum, it's another story. Since it's a PoS coin, whales and big exchanges can influence the direction of the project with their stake. In other words, their ETH holdings can be used to participate in network consensus. Talk about centralization. I sure hope BTC stays decentralized enough to withstand the test of time. Otherwise, it will be "game over" for good.
