Bitcoin being decentralised an illusion?

[BrianH]

After reading some articles from https://endthefud.org/, I am still not fully convinced that Bitcoin is decentralized and without Bitcoin being decentralized, it carries little to no value.

The best example that Bitcoin is well designed and decentralized was seen a few weeks ago. When the Chinese government shut down miners in the country virtually overnight, the mining output of around 200 exa-hash had collapsed to around 80 exa-hash. But the network adapted very quickly. There were no block generation outages or other problems. Only the price had fallen, but that has nothing to do with decentralization but with speculation. In the meantime, the exa-hash size has increased again, as the miners have moved out. For me this was a good proof how well decentralized and stable the whole system is, even if a big country bans mining activities.

How do we know that China didn't take that 120 exa-hash in mining power and is ready to hijack Bitcoin at any moment (51% attack)? They could be manipulating it right now, at least to some degree.

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[The Cryptovator]

I think OP needs a little more research about Bitcoin and Bitcoin technology. Just keep in mind, Bitcoin will exist as a decentralized cryptocurrency ever technically. Decentralization and manipulation aren't the same things anyway. Pumping and dumping price is a part of the manipulation, doesn't related to decentralization. China bans Bitcoin mining, does it affect Bitcoin technology? No, it won't happen. Just price was dropped due to FUD. The centralized government wouldn't ban Bitcoin from using it. But they would mark it as illegal assets which would affect only the price for some time. Bitcoin technology and price history are fully different things.

[Ararbermas]

It's not illusion. Yes, govs can make an ifluence on BTC, ban it or support and that will make BTC go up or down. But it's not directly controlled by anyone and can't be totally shutten down.

correct, they can influence bitcoin only but they don't have enough power to shut it down as its decentralised,  i don't know why there's a bunch of people who still really claiming that bitcoin isn't decentralised wherein despite it's very obvious tho. In fact if government had an access in bitcoin for sure it's now fully down and there's no improvement in it. But see what always happen, bitcoin is totally free in the market there's a problem only when manipulation occur.