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Author Topic: Bitcoin is Centralized!  (Read 1649 times)
yoseph
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July 23, 2017, 09:45:29 PM
 #21

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.
faaty (OP)
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July 26, 2017, 12:36:25 PM
 #22

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.
niisarearning
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July 26, 2017, 01:20:11 PM
 #23

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
JorisK
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July 26, 2017, 01:29:18 PM
 #24

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).

Bitmedrano040117
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July 26, 2017, 01:31:30 PM
 #25

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.
hatshepsut93
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July 26, 2017, 01:36:52 PM
 #26

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.
Basmic
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July 26, 2017, 01:37:12 PM
 #27

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.
Liza Soberano
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July 26, 2017, 02:49:33 PM
 #28

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.
tinhyeumaunang
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July 26, 2017, 03:10:01 PM
 #29

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.

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Konthol Ngaceng
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July 26, 2017, 03:13:55 PM
 #30

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.
Kevondo
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July 29, 2017, 02:59:42 PM
 #31

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.
Superways
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July 31, 2017, 09:15:20 PM
 #32

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.
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