If Bitcoin means Decentralisation why did it brought then a centralised

[KingScorpio]

and centrally by few humans controlled cryptocurrency index, that discriminates between cryptocurrencies?

isnt that contradicting itself. is bitcoin just a fake decentralisation to earn lambos like the bitcoin hodlers are saying?

in my oppinion yes.

[1714924985]

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[1714924985]

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[CryptopreneurBrainboss]

Bitcoin was created as P2P decentralize electronic cash system that'll allow individual to transfer money to each other without the need of third parties like banks etc bitcoin has not diverted from the purpose it was initially created for but the need of big firm like centrilized exchange and wallet providers came as trust became the major concern, they only serve as an escrow to prevent fraud and that's all. Bitcoin itself is still very decentrilzed that's why we have forks happening very often because on a centralised system forks don't occurs because the affair of the system is been runned by few individual but in bitcoin the community decide.

[Ains_sama]

I think bitcoin is indeed decentralized, and in my opinion bitcoin has become a very useful financial part of transactions in the online world.

[hugeblack]

Decentralization means that it is not centrally managed by a particular country or a single central bank. But anyone can get it.

The distribution of Bitcoin is supposed to be decentralized and not controlled by certain parties/platforms/people, but if anything happens otherwise, the mistake is due to individuals, not BTC as currency.

Do not forget that many currencies are still unknown. "For example, about 1 million coins by Satoshi" if distributed better would be decentralized.

[KingScorpio]

I think bitcoin is indeed decentralized, and in my opinion bitcoin has become a very useful financial part of transactions in the online world.

nope its the cryptoindustry is not decentralised, its centered around that cryptoindex of yours, you use to discriminate between cryptocurrencies declare altcoins "shitcoins"

and bitcoin the "king of crypto"

[franky1]

the crypto index that concerns YOU so much is only a concern to YOU because YOU are the only one obsessively observing it.

here is the cure.
if YOU stop visiting the site. it stops becoming a concern to YOU. because apart from YOU. i dont see the whole community even giving a crap about some dumb website no one even heard of unless you highlight it.

the crypto index is not a big community barometer / measure. the community dont care about it.
so calm down

[mk4]

Here we are again with your "centralized crypto index".

NO ONE IS FORCING YOU TO USE COINMARKETCAP OR ANY OTHER SIMILAR ALTERNATIVE.

You yourself can freely judge a project by it's use-cases and fundamentals without looking at the price; and you can freely use all these coins/tokens regardless of what it's price is. Your complaint/argument doesn't make any sense at all. Shitcoins are called shitcoins because, well, a lot of the coins/tokens are really just either a scam or useless! People aren't calling other coins/tokens "shitcoins" just because they're holding bitcoin.

[KingScorpio]

the crypto index that concerns YOU so much is only a concern to YOU because YOU are the only one obsessively observing it.

here is the cure.
if YOU stop visiting the site. it stops becoming a concern to YOU. because apart from YOU. i dont see the whole community even giving a crap about some dumb website no one even heard of unless you highlight it.

the crypto index is not a big community barometer / measure. the community dont care about it.
so calm down

nope i am not going to start ignoring their corruption, as long as they are an issue to me.

the cryptoindex is the main issue that defines useability of cryptocurrencies.

and its a biased and corrupt cryptocurrency index.

regards

[kryptqnick]

the crypto index that concerns YOU so much is only a concern to YOU because YOU are the only one obsessively observing it.

here is the cure.
if YOU stop visiting the site. it stops becoming a concern to YOU. because apart from YOU. i dont see the whole community even giving a crap about some dumb website no one even heard of unless you highlight it.

the crypto index is not a big community barometer / measure. the community dont care about it.
so calm down

nope i am not going to start ignoring their corruption, as long as they are an issue to me.

the cryptoindex is the main issue that defines useability of cryptocurrencies.

and its a biased and corrupt cryptocurrency index.

regards

Since now it seems clear that you are talking about some specific website that counts the rate of centralization of the market or something, could you at least share the link? I could not find anything useful when I googled 'crypto centralization index', and when I googled 'crypto index', I found the following coinmarketcap-like website: https://cryptoindex.co/. Is that the one you were talking about? 'Cause I don't see anything about centralization here. I just want to understand the issue better, so that a productive discussion has a change to start.

[mk4]

Since now it seems clear that you are talking about some specific website that counts the rate of centralization of the market or something, could you at least share the link? I could not find anything useful when I googled 'crypto centralization index', and when I googled 'crypto index', I found the following coinmarketcap-like website: https://cryptoindex.co/. Is that the one you were talking about? 'Cause I don't see anything about centralization here. I just want to understand the issue better, so that a productive discussion has a change to start.

No I don't think OP is referring to a certain website. He/she mentioned coinmarketcap in the past when talking about the same topic:

crypto might fix this issue one day, but not with the current idiots that run bitcoin controll coinmarketcap.

and yea, I really don't 100% understand his/her problem. His/her grammar doesn't help either.

[HeRetiK]

@OP: Maybe I'm just out of the loop, but what is this crypto index you are referring to? I'm using crypto just fine without even being aware of it, so it seems pretty non-essential. Crypto is free, so people could create the S&P500 equivalent of crypto for all I care.

[stompix]

Here we are again with your "centralized crypto index".

NO ONE IS FORCING YOU TO USE COINMARKETCAP OR ANY OTHER SIMILAR ALTERNATIVE.

Thanks for clarifying what he was talking about cause I read that ten times and couldn't make heads or tails of it
And I'm not the only one, lols at @HeRetiK 
But since you guys seem to somehow through some miracle understand what he is talking about, can somebody translate this as well?

nope its the cryptoindustry is not decentralised, its centered around that cryptoindex of yours
<>
the cryptoindex is the main issue that defines useability of cryptocurrencies.

Just to make sure, this is another useless crusade against coinmarketcap?
Why do people care or even give a damn about it is beyond my understanding!!!

[mk4]

Just to make sure, this is another useless crusade against coinmarketcap?
Why do people care or even give a damn about it is beyond my understanding!!!

Yes.. yes it is. 🤦‍♂️🤦‍♂️🤦‍♂️ OP is claiming that bitcoin is centralized because of market capitalization sites like coinmarketcap; and that the "bitcoin founders" are the one controlling it. Why and how did he/she come to  that conclusion? I don't freakin know, that's beyond my understanding. Probably only aliens with a million IQ can understand that strange reasoning.

I mean, take a look at this extremely bizarre statement from him:

bitcoin is not the final and ultimate solution like the profitmaximising bitcoincentrists/maximalist (agendadriven) want to make everyone to believe, and neither is their created corrupt cryptocurrency index, which the bitcoin founders try to use to enslave the whole world.

[KingScorpio]

we dont have to discuss this trash in the high details, we all know the unpleasant truth

my problem with you is why are you still lying and deluding about the term "decentralisation"

thats my question.

just be at least honest one time and admit, that you run a centralised authority of your bitcoincenctristic cryptoindex that is looking for billionaires, to list their billionaire token.

like it was the case for ripple.

stop this uncorrect usage of that term, and play with open cards.

maybe you will have luck this way and billionaires will come and list their token for million usd fees, or try to fund cheering crowds, with their wealth substance, or hiere technicians to run bots. "to convince you"

stop lying and deluding.

at least honest you i am with (you will not escape reality, no matter how hard you try to delude)

regards

[stompix]

I mean, take a look at this extremely bizarre statement from him:

bitcoin is not the final and ultimate solution like the profitmaximising bitcoincentrists/maximalist (agendadriven) want to make everyone to believe, and neither is their created corrupt cryptocurrency index, which the bitcoin founders try to use to enslave the whole world.

Why did you do that?  
What have I (and my few still working brain cells) done wrong?  

So CMC is a tool to enslave the world created by ...satoshi? lols.

we dont have to discuss this trash in the full context,

Amen, brother!!!

my problem with you is why are you still lying and deluding about the term "decentralisation"
just be at least honest one time and admit, that you run a centralised authority of your bitcoincenctristic cryptoindex that is looking for billionaires, to list their billionaire token.

Why are you addressing people here like they are the ones running all those coins and running CMC also?
Did I somehow miss the topic in reputation where mjglqw was reported of being satoshi's alt?

Either way, apart from the tinfoil conspiracies, I don't understand what's your problem with CMC.
I myself think is a garbage website, I advised people not to consider not only the numbers there but also not to think of any coins in terms of market cap but I still don't understand how this index could be a brainwashing slave turning control machine.

[pawanjain]

the crypto index that concerns YOU so much is only a concern to YOU because YOU are the only one obsessively observing it.

here is the cure.
if YOU stop visiting the site. it stops becoming a concern to YOU. because apart from YOU. i dont see the whole community even giving a crap about some dumb website no one even heard of unless you highlight it.

the crypto index is not a big community barometer / measure. the community dont care about it.
so calm down

You are absolutely right. I am myself in the crypto community for so many years and I have never visited any crypto index.
Although I have heard of the crypto index I have never bothered to care about it. Bitcoin serving it's purpose of decentralization is intact and will remain the same.
We should not even care about the third party services when there is no need for it.

[mk4]

*snip*

Maybe actually try to refute our counter-arguments rather than saying the same things over and over? Regardless if we have market capitalization sites or not, this has nothing to do with bitcoin's decentralization. Market capitalization sites like Coinmarketcap(your favorite apparently) are only there to help give us a sort of price estimate on what all the coins/tokens we have right now are worth. None of it is a measure of how decentralized or centralized a coin/token is.

Did I somehow miss the topic in reputation where mjglqw was reported of being satoshi's alt?

Yo. Come on. I thought that secret was only between the two of us? smh.

[realcrypto]

To the best of my knowledge the meaning of decentralization is far from what you are saying. Decentralization in this contest means bitcoin is  not control by any individual or Government of a particular country, the protocol is accessible by anyone in any part of the world.

[Upgrade00]

This post seems to be a sequel from previous ones which I did not follow. But I do not see a discrimination towards other currencies. Everyone can acquire whichever cryptocurrency they desire, if majority goes for bitcoin, that's their choice and not discrimination.
I don't know anything of 'few humans controlling the cryptocurrency index', the opinion should provide more factual evidence to buttress his/her points.

[shield132]

To my mind in reality bitcoin was never meant to be used widely by a lot of people. Nothing can be fully decentralyzed, also bitcoin was better at first, when it had few user, there were no regulations, no KYC documents on btc exchange services and so on.
So to sum up, reason is increased amount of demand from people, there are a lot who wants to gain power, only few succeed.