Bitcoin Forum

Is bitcoin another centralized empty token that is controlled by big 'Bankers' - Miners pools?
Personally I think yes, because now big miners can manipulate the price of BTC and no single persons can mine any BTC if is out of a huge pool.
BTC today have nothing to do with BTC that Satoshi Nakamoto invented. I think BTC has failed its original idea and is on the hands of the few who play games with it.
I want to know the opinion of this community where Satoshi Nakamoto was writing about BTC, I wonder what would say today about BTC.

Yes i agreed,the main purpose of BTC is to remove the centralization of the bankers which nowadays are getting more obvious whales arent just who controls the price of BTC but the bankers also,they created XRP not to beat BTC but to destroy its price market,when more people are buying BTC the more BTC they will have and eventually they will control the whole cryptomarket.

Thank you for sharing you view with me, I think we need some real alternatives to all this :( I hope community to wake up and fight back soon!

It's a fact that the largest amount of bitcoins is owned by a very small group of big name investors and financial institutes. They have the means and can buy large numbers of bitcoin. They can make and break bitcoin. This something quite different from the idea of creating a decentralized currency and avoid the middlemen.

I think the worse thing is miners, they can manipulate very easy the price of BTC just by stop the mining for some time.
https://blockchain.info/unconfirmed-transactions
Just by that they can make the price skyrocket when ever they want.

F*ck bitcoin and all empty tokens. Yes bitcoin is another banks coin only worse, they believe that is something decentralized and alternative, or even worse they believe will kill fiat.. pff
The future belongs to token economy, not to one empty token, but to tokens that are connected directly with real assets.

I hate ethereum too,because they will switch to proof of stake that will cause the whales to have more control in its price,retarded developers doesnt even know what will be the impact to most people.

I don't think banks control bitcoin. The fact that they want to ban it shows the opposite. They are interested in blockchain technology and they could issue their own crypto (mining in and taking all the profit) giving it fancy names and supporting it with gold tokens etc.
If we bite the bait we are done. Bitcoin was made to give us a bank in our pocket uncontrolled of institutions and authorities.
It is not made as an asset and when the price will be more stable, people will start using it.

No btc is not a bankers coin but ripple is..bitcoin is formed for digital transections but ripple is backed by banks

If this is the case, then the crypto currency can not be decentralized at all, because in any case, someone has a regulatory impact on it. Since the crypto currency is manifested in our rough physical world, it in any case interacts with the outside world, which in some cases can be regarded as its regulation. Therefore, absolutely pure decentralized crypto currency can not be. If there is no direct regulation, then such a crypto currency can be considered decentralized. Bitcoin in any case is a decentralized crypto currency and the arguments for its regulation by miners are unfounded.

What is decentralized are tokens with in the crypto world that are backed up by real projects or assets.
The world of crypto will be decentralized when there are only tokens which have read assets directly wired to them.

Egor Homakov was the first person who start to talk about centralized Bitcoin. I don’t want to participate in a long and tiresome discussions but Homakov’s idea really have sense. Bitcoin and blockchain were very transformed from the time it started.

Ripple is trying to mess with Bitcoin. You're not wrong about Ripple trying to make Bitcoin a coin for Bankers only.

Interesting view. I didn't think about it in this way. Yes mining is mostly for privileged, but isn't there a solution in sight, that would solve all problems and keep Bitcoin decentralized? (f.e. lightning network, pay directly with wallets)

Disagree, there is not a reason to create tokens connected to real assets when the tokens are limited by the code, there are many coins like that and most of them have failed or were scams, bitcoin is still the best alternative we have, it is obvious banks are going to try to get bitcoin after all they are powerful entities but they are not going to control it and that is the whole point.

Maybe Satoshi Nakamoto anticipated both the centralization of Bitcoin as well as the rise of altcoins in response to that, and Satoshi's real vision is to keep cryptocurrencies evolving.

I'm not trying to diminish what bitcoin did and it don't know if this was Satoshi's plan. But it is inevitable that a coin with better tech is gonna take over. I'm more scared that a lot of the new users don't care about the decentralization. Which is one of crypto's biggest selling point.

What do you mean by now the big miners can manipulate the price of BTC? If you are talking about price manipulation then any cryptocoin in the market can be manipulated by big holders.

How will mining pools make bitcoin a banker's coin?

As for the rest of your post, I can see that you may be a bitcoin cash supporter. Do not worry, blockchain problems in your coin will also arise. The real longterm solution is not as easy as making blocks bigger.

im beginning to think yes at least i think its going that way. maybe we need more alternatives to avoid that from happening

OP your correct in some ways like you tell us about miners but still it can happen that they manipulate the price of btc so the question here and the answer are base only in negative thinking minds of yours,you only accuse them but no assurance what you talking about miners.I think also don't think like that and continue your business here then stop if it's not well to you or nothing gonna happen to you here in crypto world.Regulate or crypto is not regulate by others still it give so much conveniece here in any users of it.

Im not sure of this ifea that bitcoin ia handled by few people and those people are manipulating it. But ee could not disregarf the fact that it might actually happen. Though, there were whales who can really make sudden effect in bitcoin, it is atill considered as decentralized. No one has really full control over it and no can easily manipulate its value.
Having alternative would be one of the best way to scape the unexpected situations. We cannot neglect the fact that anything might happen that is why having alts is wise thing. Ripple is really a centralized ine unlike bitcoin which is decentralized. But because there were few people who holds the bigger volume of BTC, it might seem to be centralized. Whales has really the power to affect bitcoin.

From the global point of view it is speculative to say that it is the currency of bankers, but we know that big banks have adopted Bitcoin as a great investment on the other hand we know that the great part of Bitcoin is in small group of investors, among them may be included bankers, this information is very specific to say.