People who parrot the same arguments over and over are really silly.
Bitcoin is valuable because nobody owns it and it has an incredibly track record of being secure.
>b-b-but bitmain
Yeah, Bitcoin is the most centralized right now than it has ever been. Currently.
As time goes on competitors enter the market and hardware gets better across the board. We're also reaching the point of diminishing returns on hardware for mining Bitcoin with the current algorithm.
If you think 2-5 years is a long time to wait for balance you probably shouldn't be in Bitcoin anyways.
Decentralization is the process of distributing or dispersing functions, powers, people or things away from a central location or authority. Because of this, you can pretty quickly differentiate centralized from decentralized. If you say “but they have no profit in hacking it” you miss the whole point of decentralization. You don’t engineer blockchain’s security on does the center profit from exploiting you now. Paypal won’t ban your bank account today either — but they certainly can do it later when they need to. That’s why “nothing-at-stake” and “cost-of-attack” are nowhere as important as just number of entities you need to compromise.
