Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: faaty on July 15, 2017, 11:18:26 AM



Title: Bitcoin is Centralized!
Post by: faaty on July 15, 2017, 11:18:26 AM
Yes, I do not believe it is decentralized. Bitcoin's anarchist days are long gone.
I used to believe that Bitcoin was the gold of the modern age. That is to say, gold is seen today as a means of storing wealth, not as a means of shopping together with the invention of money; Both by people and by central banks.
In modern times, I thought that bitcoin, a digital value based on hash power, could be seen as a means of storing wealth.

But,
A thought: the gold is a certain element in the periodic table. Throughout the ages, people have tried to make gold with alchemy, though technology has not progressed so far. The only way to get gold is mining.

Bitcoin is not. As a result, it continues to be developed by a software and core team. So after they come out, they can say that bitcoin is changed from now on. Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks. Contrary to gold, they can give bitcoin any shape as they wish. Powerful states and corporations, rich people, deep powers, who can control and manipulate the world by affecting the world as if they are asking the developers of the bitch.

Bitcoin core is not in one place, but I seem to hear you say it is scattered. After all, who is more likely to have the power of mining and bitcoin if he can not afford it?

Is Bitcoin a decentralized system? On the contrary, it is necessary to think about what will evolve as a central system in which your wealth is governed.


Title: Re: Bitcoin is Centralized!
Post by: CryptosapienZA on July 15, 2017, 11:46:06 AM
With the Segwit vs Segwit 2x debate, I have come to realize that there's is an attempt to hijack control of bitcoin. To me thats what Aug 1st is all about, POWER. Its really sad that we have come to this. Time will tell which team will come out victorious.


Title: Re: Bitcoin is Centralized!
Post by: Juggy777 on July 15, 2017, 11:53:05 AM
Yes, I do not believe it is decentralized. Bitcoin's anarchist days are long gone.
I used to believe that Bitcoin was the gold of the modern age. That is to say, gold is seen today as a means of storing wealth, not as a means of shopping together with the invention of money; Both by people and by central banks.
In modern times, I thought that bitcoin, a digital value based on hash power, could be seen as a means of storing wealth.

But,
A thought: the gold is a certain element in the periodic table. Throughout the ages, people have tried to make gold with alchemy, though technology has not progressed so far. The only way to get gold is mining.

Bitcoin is not. As a result, it continues to be developed by a software and core team. So after they come out, they can say that bitcoin is changed from now on. Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks. Contrary to gold, they can give bitcoin any shape as they wish. Powerful states and corporations, rich people, deep powers, who can control and manipulate the world by affecting the world as if they are asking the developers of the bitch.

Bitcoin core is not in one place, but I seem to hear you say it is scattered. After all, who is more likely to have the power of mining and bitcoin if he can not afford it?

Is Bitcoin a decentralized system? On the contrary, it is necessary to think about what will evolve as a central system in which your wealth is governed.

I can understand the frustration and you won't be alone to echo such sentiments, the problem is there is a vast amount of rumors about August 1st, that now no one really understands or like I say have gone beyond the stage where they want to understand. I yet believe come August 1st Bitcoin will be decentralized, let's hope they find a favorable solution.


Title: Re: Bitcoin is Centralized!
Post by: warrior333 on July 15, 2017, 11:56:26 AM
Sad. It turned out that the decentralization of bitcoin is only a myth. All were hostages of the situation. Maybe this will be a lesson for all and bitcoin will avoid such mistakes in the future. And now we can only wait and observe the situation.


Title: Re: Bitcoin is Centralized!
Post by: BitcoinHodler on July 15, 2017, 12:00:42 PM
Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks.

its just that at some point in time (for the reasons that i have not yet figured out) people forgot that a change no matter how small and no matter if it is called soft, hard, warm, ... should reach a consensus!

we were on a very good track not so long ago. if you read the SegWit proposal it is well though, well planned, it needs >95% support from miners then it needs node activation and then lock in and all that.

and so far all the changes have been happening like this. with a set % support, then nodes activation and lock in and ....

but this was ignored and forgotten at some point.

however this has nothing to do with "decentralization" bitcoin is still decentralized. it is just filled with people who forgot to educate themselves and came in only to make profit.


Title: Re: Bitcoin is Centralized!
Post by: bs.glory on July 18, 2017, 08:14:54 PM
Recent interest in new forms of money such as bitcoin has arisen rather naturally from the explosion of economic activity that is closely associated, at least in popular accounts, with advances in information technology and the Internet. If we looked at from a purely technological point of view there is much to be excited about, both in terms of new supply-side innovations capable of delivering most if not all of money’s primary functions and – maybe more importantly – on the demand side, where the full use of technology’s potential will likely require the introduction of new payment systems which I believe is "CENTRALIZED". Without losing sight of the fact that technological advances are highly contingent on significant economic, social and governance changes, it is
helpful to consider what the new tools and techniques might be.


Title: Re: Bitcoin is Centralized!
Post by: hatshepsut93 on July 19, 2017, 07:18:51 AM
Yes, I do not believe it is decentralized. Bitcoin's anarchist days are long gone.
I used to believe that Bitcoin was the gold of the modern age. That is to say, gold is seen today as a means of storing wealth, not as a means of shopping together with the invention of money; Both by people and by central banks.
In modern times, I thought that bitcoin, a digital value based on hash power, could be seen as a means of storing wealth.

But,
A thought: the gold is a certain element in the periodic table. Throughout the ages, people have tried to make gold with alchemy, though technology has not progressed so far. The only way to get gold is mining.

Bitcoin is not. As a result, it continues to be developed by a software and core team. So after they come out, they can say that bitcoin is changed from now on. Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks. Contrary to gold, they can give bitcoin any shape as they wish. Powerful states and corporations, rich people, deep powers, who can control and manipulate the world by affecting the world as if they are asking the developers of the bitch.

Bitcoin core is not in one place, but I seem to hear you say it is scattered. After all, who is more likely to have the power of mining and bitcoin if he can not afford it?

Is Bitcoin a decentralized system? On the contrary, it is necessary to think about what will evolve as a central system in which your wealth is governed.

I guess you don't understand what "decentralized" means, cryptocurrencies are all about consensus and open source - if you don't like the current network, you can always make your own fork with your own rules and see if other people will like it. Current majority of Bitcoin users supports Core, so it's not a problem if they have some influence. Also, it's not like developers have some master key to Bitcoin, they can't do anything to existing blockchain, no one can, they can only release new versions, and if people will not agree with it, they simply won't use it.


Title: Re: Bitcoin is Centralized!
Post by: Gabo on July 19, 2017, 08:57:22 AM
Yes, I do not believe it is decentralized. Bitcoin's anarchist days are long gone.
I used to believe that Bitcoin was the gold of the modern age. That is to say, gold is seen today as a means of storing wealth, not as a means of shopping together with the invention of money; Both by people and by central banks.
In modern times, I thought that bitcoin, a digital value based on hash power, could be seen as a means of storing wealth.

But,
A thought: the gold is a certain element in the periodic table. Throughout the ages, people have tried to make gold with alchemy, though technology has not progressed so far. The only way to get gold is mining.

Bitcoin is not. As a result, it continues to be developed by a software and core team. So after they come out, they can say that bitcoin is changed from now on. Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks. Contrary to gold, they can give bitcoin any shape as they wish. Powerful states and corporations, rich people, deep powers, who can control and manipulate the world by affecting the world as if they are asking the developers of the bitch.

Bitcoin core is not in one place, but I seem to hear you say it is scattered. After all, who is more likely to have the power of mining and bitcoin if he can not afford it?

Is Bitcoin a decentralized system? On the contrary, it is necessary to think about what will evolve as a central system in which your wealth is governed.

It could be, but it's not yet. There is time to fight for our ideals, we only need express our ideas and generate discussions, like you are doing now. It's a good beginning.
It's not easy, almost all is being centralized, in my country the government want to centralize all the transactions of fiat, in favor to them and private banks, they are obligating by law to everybody have bank accounts and make almost everyting by the banking system, their target is eliminate the cash money and ensalve people to banksters, to pay them fees, interests and more, the banks will have more money to use, without paying any interest to the real owners of that money. This brings a lot of problems, in addition to loss of privacy, freedom, property rights, and a lot of more problems.
I feel alone, because people here don't have ideals or, simply, they are dumbs. I though this community could help me to fight, but I was wrong.
I miss 2012 when I started, everybode talking about god Satoshi and their ideals, but, now, money is the god and I am the atheist in middle of this church.


Title: Re: Bitcoin is Centralized!
Post by: ladydark on July 19, 2017, 12:04:29 PM
With the Segwit vs Segwit 2x debate, I have come to realize that there's is an attempt to hijack control of bitcoin. To me thats what Aug 1st is all about, POWER. Its really sad that we have come to this. Time will tell which team will come out victorious.
Its true that some have decided to activate segwit and its centralization of bitcoin.But its a good decision which was eagerly awaited by most of bitcoin investors so that transaction fee would get reduced and bitcoin price would go more.


Title: Re: Bitcoin is Centralized!
Post by: Gluestack on July 19, 2017, 12:22:08 PM
With the Segwit vs Segwit 2x debate, I have come to realize that there's is an attempt to hijack control of bitcoin. To me thats what Aug 1st is all about, POWER. Its really sad that we have come to this. Time will tell which team will come out victorious.
Its true that some have decided to activate segwit and its centralization of bitcoin.But its a good decision which was eagerly awaited by most of bitcoin investors so that transaction fee would get reduced and bitcoin price would go more.

In my opinion its out of the state of the art creating a good governance with a exquisite decentralization standards. The fact is that when you make a revolution and destroy a goverment/ jurisdiction you have to create a new one sooner or later, the dilemma here is if your new order is better than the older one. Think about Iran, Afghanistan, North Korea, Venezuela or Cuba... they all made a revolution in the 20 century, they have their reasons to do that, but their outcomes are at least questionable.


Title: Re: Bitcoin is Centralized!
Post by: Przemax on July 19, 2017, 12:27:03 PM
The OP post have two misunderstandings in it.

First one is that you idealise gold. Both of the assets are mined with the difference that its the bitcoin that is finite. We do not know how many gold there is to be mined. Both of those assets are being somewhat altered - there are different kind of coins, gold bars etc. etc. all of them have different price, different risks involved in buying them and such. Most of the gold is a virtual promise to pay, and those promises to pay are a subject of manipulation more than bitcoin.

Secondly, the word centralisation implies that the power distribution comes from one source. That is not true. There are many nods, many miners, and many bitcoin users. They do not agree with eachother. Just because we must come to an agreement once in a while, means that bitcoin is decentralised. Otherwise there would be no talk about the consensus, only about the orders from the above.


Title: Re: Bitcoin is Centralized!
Post by: senin on July 23, 2017, 08:23:17 PM
The situation with the changed system of decentralization of the digital currency requires serious discussion and analysis. Has anything changed in this matter we will see after the first of August. Wait is not long. Strictly speaking, in my opinion, one can not unambiguously answer that in this case it is better: centralization, in which control over the crypto currency will be implemented not by any state or group of states, but by established leaders in this digital currency, or decentralization, which borders on anarchy.


Title: Re: Bitcoin is Centralized!
Post by: dothebeats on July 23, 2017, 08:35:11 PM
With the Segwit vs Segwit 2x debate, I have come to realize that there's is an attempt to hijack control of bitcoin. To me thats what Aug 1st is all about, POWER. Its really sad that we have come to this. Time will tell which team will come out victorious.

It all began with the scaling debate. Actually, I'm thinking that the scaling issue is just another front that these devs use to cover up their real intentions for bitcoin. These people don't have a fixed income for continuing developments, but they would receive large grants if they gain main control of the development of the coin. The only centralization that I see here is how the development of the coin is going to work. The rest is still decentralized in one form or another.


Title: Re: Bitcoin is Centralized!
Post by: williamuk on July 23, 2017, 09:07:17 PM
Current majority of Bitcoin users supports Core, so it's not a problem if they have some influence.

That is not true, you should refrain from making this statement.

A few thousand users use the free bitcoin desktop client but that does not mean support for Core's reckless actions.
Tens of thousands or more use bitcoin accounts on exchanges or via web wallets so even those desktop users don't mean much.

What there is is a small minority of very loud and generally abusive people who keep misleading, threatening and abusing those who dare to express their valid concerns about Core's behaviour.


Title: Re: Bitcoin is Centralized!
Post by: aoluain on July 23, 2017, 09:17:33 PM
Yes, I do not believe it is decentralized. Bitcoin's anarchist days are long gone.
I used to believe that Bitcoin was the gold of the modern age. That is to say, gold is seen today as a means of storing wealth, not as a means of shopping together with the invention of money; Both by people and by central banks.
In modern times, I thought that bitcoin, a digital value based on hash power, could be seen as a means of storing wealth.

But,
A thought: the gold is a certain element in the periodic table. Throughout the ages, people have tried to make gold with alchemy, though technology has not progressed so far. The only way to get gold is mining.

Bitcoin is not. As a result, it continues to be developed by a software and core team. So after they come out, they can say that bitcoin is changed from now on. Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks. Contrary to gold, they can give bitcoin any shape as they wish. Powerful states and corporations, rich people, deep powers, who can control and manipulate the world by affecting the world as if they are asking the developers of the bitch.

Bitcoin core is not in one place, but I seem to hear you say it is scattered. After all, who is more likely to have the power of mining and bitcoin if he can not afford it?

Is Bitcoin a decentralized system? On the contrary, it is necessary to think about what will evolve as a central system in which your wealth is governed.

I guess you don't understand what "decentralized" means, cryptocurrencies are all about consensus and open source - if you don't like the current network, you can always make your own fork with your own rules and see if other people will like it. Current majority of Bitcoin users supports Core, so it's not a problem if they have some influence. Also, it's not like developers have some master key to Bitcoin, they can't do anything to existing blockchain, no one can, they can only release new versions, and if people will not agree with it, they simply won't use it.

I think this is a good and relevant response, the key bit mentioned is "open source".

Bitcoin is finite, there is going to be only 21,000,000 its not going to be like
centralised ripple for instance where the developers release a block of tokens or coins
whenever they like. This is key.


Title: Re: Bitcoin is Centralized!
Post by: williamuk on July 23, 2017, 09:18:14 PM
As for centralisation, let us see who invested in Blockstream, the company that employs the people at the top of Core's hierarchy: Axa.

Axa, one of the largest FIRE companies in the world, putting the likes of Goldman Sachs to shame:

Revealed – the capitalist network that runs the world
https://www.newscientist.com/article/mg21228354-500-revealed-the-capitalist-network-that-runs-the-world/

Axa is fourth in the list. As a typical finance company, it is not interested in the level of the currency, but in the amount of economic rent in can extract from the network every year... fees is where the big money is made.

Some decentralisation


Title: Re: Bitcoin is Centralized!
Post by: cnmgfb on July 23, 2017, 09:21:04 PM
Yes, I do not believe it is decentralized. Bitcoin's anarchist days are long gone.
I used to believe that Bitcoin was the gold of the modern age. That is to say, gold is seen today as a means of storing wealth, not as a means of shopping together with the invention of money; Both by people and by central banks.
In modern times, I thought that bitcoin, a digital value based on hash power, could be seen as a means of storing wealth.

But,
A thought: the gold is a certain element in the periodic table. Throughout the ages, people have tried to make gold with alchemy, though technology has not progressed so far. The only way to get gold is mining.

Bitcoin is not. As a result, it continues to be developed by a software and core team. So after they come out, they can say that bitcoin is changed from now on. Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks. Contrary to gold, they can give bitcoin any shape as they wish. Powerful states and corporations, rich people, deep powers, who can control and manipulate the world by affecting the world as if they are asking the developers of the bitch.

Bitcoin core is not in one place, but I seem to hear you say it is scattered. After all, who is more likely to have the power of mining and bitcoin if he can not afford it?

Is Bitcoin a decentralized system? On the contrary, it is necessary to think about what will evolve as a central system in which your wealth is governed.

Bitcoin is the gold, while people already had gold in natural world.

it is likw an advertisement, diamond is forever....but divorces is a by product of diamond too.

decentralised? liberty? outlaw? you name it

each forking is a 100% inflation...while altcoins had already diluted bitcoins

end of the day, it is just a piece of software that trying to create something is bigger than god


Title: Re: Bitcoin is Centralized!
Post by: AbdTstpr on July 23, 2017, 09:21:40 PM
I feel alone, because people here don't have ideals or, simply, they are dumbs. I though this community could help me to fight, but I was wrong.
I miss 2012 when I started, everybode talking about god Satoshi and their ideals, but, now, money is the god and I am the atheist in middle of this church.

The end contains a very powerful image and sadly what he says is true !  :o


Title: Re: Bitcoin is Centralized!
Post by: Dunkerk40 on July 23, 2017, 09:26:47 PM
Current majority of Bitcoin users supports Core, so it's not a problem if they have some influence.

That is not true, you should refrain from making this statement.

A few thousand users use the free bitcoin desktop client but that does not mean support for Core's reckless actions.
Tens of thousands or more use bitcoin accounts on exchanges or via web wallets so even those desktop users don't mean much.

What there is is a small minority of very loud and generally abusive people who keep misleading, threatening and abusing those who dare to express their valid concerns about Core's behaviour.

I think we do not know the exact picture of what is happening now in the society of miners. Those news that sometimes appear do not bear the truth. We can only wait and hope that bitcoin transformations will pass quickly and imperceptibly. We can say that bitcoin is controlled by miners


Title: Re: Bitcoin is Centralized!
Post by: williamuk on July 23, 2017, 09:31:03 PM
Current majority of Bitcoin users supports Core, so it's not a problem if they have some influence.

That is not true, you should refrain from making this statement.

A few thousand users use the free bitcoin desktop client but that does not mean support for Core's reckless actions.
Tens of thousands or more use bitcoin accounts on exchanges or via web wallets so even those desktop users don't mean much.

What there is is a small minority of very loud and generally abusive people who keep misleading, threatening and abusing those who dare to express their valid concerns about Core's behaviour.

I think we do not know the exact picture of what is happening now in the society of miners. Those news that sometimes appear do not bear the truth. We can only wait and hope that bitcoin transformations will pass quickly and imperceptibly. We can say that bitcoin is controlled by miners

In view of the last few years we can only say that bitcoin has been controlled by Core. Miners are a large group in the community, but not in control.

Despite all the misinformation we have been subjected to, in the bigger world of cryptocurrencies and finance, miners are the underdogs.


Title: Re: Bitcoin is Centralized!
Post by: yoseph on July 23, 2017, 09:45:29 PM
There is currently rumors going on about on how the Bitcoin system is not as anonymous as we all previously thought it to be, According to the people of Bitmixer they claim that Bitcoin is rather a transparent non-anonymous system by design and have thus stopped rendering their services. They didn't offer any evidence to back up their claims though. Any thoughts.


Title: Re: Bitcoin is Centralized!
Post by: faaty on July 26, 2017, 12:36:25 PM
So as you claim that bitcoin is centralized then the transactions are not anonymous anymore?

Anymore? Of course they are not anonymous. This is old news.


Title: Re: Bitcoin is Centralized!
Post by: niisarearning on July 26, 2017, 01:20:11 PM
Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks.

its just that at some point in time (for the reasons that i have not yet figured out) people forgot that a change no matter how small and no matter if it is called soft, hard, warm, ... should reach a consensus!

we were on a very good track not so long ago. if you read the SegWit proposal it is well though, well planned, it needs >95% support from miners then it needs node activation and then lock in and all that.

and so far all the changes have been happening like this. with a set % support, then nodes activation and lock in and ....

but this was ignored and forgotten at some point.

however this has nothing to do with "decentralization" bitcoin is still decentralized. it is just filled with people who forgot to educate themselves and came in only to make profit.
GOod work bro its really make sense people not trying to get enough details they are in a hurry of selling or buying for their profit and just seeing as normal stake or share in market. Even i think segwit is well planned


Title: Re: Bitcoin is Centralized!
Post by: JorisK on July 26, 2017, 01:29:18 PM
Bitcoin is decentralized, but will get more centralized if we start using bigger blocks (that will rule out all hobby miners with small internet connections).



Title: Re: Bitcoin is Centralized!
Post by: Bitmedrano040117 on July 26, 2017, 01:31:30 PM
It so sad that majority of the bitcoin enthusiast are really worried about this coming August 1st, also those people who got worried about this date are poor in knowledge. However I don't think that bitcoin will become centralize this is totally misleading the community in this industry, though most of the bitcoin haters are happy to see were there are many people right now are being deceived  by this rumors. For me, Bitcoin will be at ease for decentralization not for centralization which can never be happen ever.


Title: Re: Bitcoin is Centralized!
Post by: hatshepsut93 on July 26, 2017, 01:36:52 PM
So as you claim that bitcoin is centralized then the transactions are not anonymous anymore?

They never were anonymous, anonymous transaction means that both parts are hidden, for example displayed as "xxx" or "unknown". But in Bitcoin transaction were always pseudonymous - people identities replaced by addresses, kinda like nicknames on a forum, except you can own as many addresses as you want. Both anonymity and pseudonymity serve to achieve privacy, but pseudonymity requires some effort to use correctly, and people often get exposed when they do mistakes.


Title: Re: Bitcoin is Centralized!
Post by: Basmic on July 26, 2017, 01:37:12 PM
Perhaps some elements of control are present of bitcoin, but yet it doesn't scare me. If I see that bitcoin is no longer free I sell your coins and begin to use altcoins. I hope the miners understand this and do not will themselves to dig the grave himself.


Title: Re: Bitcoin is Centralized!
Post by: Liza Soberano on July 26, 2017, 02:49:33 PM
I think so bitcoin is centralized is the sense that the creator is currently taking care of it, and decentralized in terms of no one or certain fiat that allowed to over ruled the bitcoin on his own , that the power of each account are place in its owner but some of the people are being banned and part of the blocklist are contradicting.


Title: Re: Bitcoin is Centralized!
Post by: tinhyeumaunang on July 26, 2017, 03:10:01 PM
Yes, I do not believe it is decentralized. Bitcoin's anarchist days are long gone.
I used to believe that Bitcoin was the gold of the modern age. That is to say, gold is seen today as a means of storing wealth, not as a means of shopping together with the invention of money; Both by people and by central banks.
In modern times, I thought that bitcoin, a digital value based on hash power, could be seen as a means of storing wealth.

But,
A thought: the gold is a certain element in the periodic table. Throughout the ages, people have tried to make gold with alchemy, though technology has not progressed so far. The only way to get gold is mining.

Bitcoin is not. As a result, it continues to be developed by a software and core team. So after they come out, they can say that bitcoin is changed from now on. Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks. Contrary to gold, they can give bitcoin any shape as they wish. Powerful states and corporations, rich people, deep powers, who can control and manipulate the world by affecting the world as if they are asking the developers of the bitch.

Bitcoin core is not in one place, but I seem to hear you say it is scattered. After all, who is more likely to have the power of mining and bitcoin if he can not afford it?

Is Bitcoin a decentralized system? On the contrary, it is necessary to think about what will evolve as a central system in which your wealth is governed.
I really do not understand what you mean by yourself, repeating too much content. It is true that bitcoin is in decentralized form and it needs days to concentrate.


Title: Re: Bitcoin is Centralized!
Post by: Konthol Ngaceng on July 26, 2017, 03:13:55 PM
No, this is the wrong thing, I think everything is clear that bitcoin is decentralized, because until now no one can controlling the price of bitcoin. And I'm sure the price is natural due to demand and stock.


Title: Re: Bitcoin is Centralized!
Post by: Kevondo on July 29, 2017, 02:59:42 PM
No, this is the wrong thing, I think everything is clear that bitcoin is decentralized, because until now no one can controlling the price of bitcoin. And I'm sure the price is natural due to demand and stock.
well I think bitcoin is not just a site but it is a whole forum and it is being working since 2009 and till now they brought a lot of changes in bitcoin they were trying to centralize bitcoin from so long according to the review of the last few years has been changed and miner is changing the users and the bitcoin currency as well but it is difficult to control bitcoin completely.


Title: Re: Bitcoin is Centralized!
Post by: Superways on July 31, 2017, 09:15:20 PM
Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks.

its just that at some point in time (for the reasons that i have not yet figured out) people forgot that a change no matter how small and no matter if it is called soft, hard, warm, ... should reach a consensus!

we were on a very good track not so long ago. if you read the SegWit proposal it is well though, well planned, it needs >95% support from miners then it needs node activation and then lock in and all that.

and so far all the changes have been happening like this. with a set % support, then nodes activation and lock in and ....

but this was ignored and forgotten at some point.

however this has nothing to do with "decentralization" bitcoin is still decentralized. it is just filled with people who forgot to educate themselves and came in only to make profit.
Exactly! All this has to do nothing with the decentralized nature of bitcoins and it won’t be great step towards the prosperity of bitcoins to make them centralized. It has attracted masses just because of this unique feature and bitcoin market can’t afford losing investors in huge numbers.