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Author Topic: Corporation Wealth in Bitcoin = Centralization?  (Read 178 times)
Ucy
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December 07, 2017, 10:41:18 AM
 #1

Wondering if the massive inflow of wealth into Bitcoin could eventually lead to serious Centralization of the Network..

Believe it or not, few individuals/governments have enormous control over those companies that are currently pouring in Money into Btc. They could dump this money anytime they want to. Let not forget that the Bcash squad tried this and the market almost crashed. This current inflows are far bigger than Bcash's own.

 Something needs to be done to prevent a serious crash. Guess developers could add a shock absorbing mechanism?

 Plus Russia, China & other big countries/companies that aren't controlled by the "single entity" could be encouraged to pour in equal amounts of wealth to bring some form of balance & so that the Network wouldn't be affected too much incase the entity decides to dump and crash it.

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BillyBobZorton
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December 07, 2017, 03:09:10 PM
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Wondering if the massive inflow of wealth into Bitcoin could eventually lead to serious Centralization of the Network..

Believe it or not, few individuals/governments have enormous control over those companies that are currently pouring in Money into Btc. They could dump this money anytime they want to. Let not forget that the Bcash squad tried this and the market almost crashed. This current inflows are far bigger than Bcash's own.

 Something needs to be done to prevent a serious crash. Guess developers could add a shock absorbing mechanism?

 Plus Russia, China & other big countries/companies that aren't controlled by the "single entity" could be encouraged to pour in equal amounts of wealth to bring some form of balance & so that the Network wouldn't be affected too much incase the entity decides to dump and crash it.

I don't see how you would do this. Developers have nothing to do with the market, other than influencing it positively with advancements in technology (this pump could be fuelled due lightning network transactions success on mainnet) or they can screw up and cause a crash (BCash client crashing its nodes caused a crash).

But developers can never put brakes into the market, because that comes down to exchange policies. If an exchange accepts billonaires buying in, then what are you going to do? It's a free market. All we can do is make the protocol as bulletproof as possible from a technical perspective.

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