cryptodude
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 224
Merit: 11
Tontogether | Save Smart & Win Big
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 09, 2023, 04:39:33 PM |
|
I am not agree with you. Bitcoin is not what you want to prove. It is a digital decentralized currency. But many consider it a centralized currency due to lack of complete knowledge. Bitcoin works through a decentralized network, it's name as the blockchain. Where transactions are distributed by mining and verified by the network. Blockchain technology is currently the most decentralized network security related technology which makes it more trustworthy to people.
|
|
|
|
Ale88
Legendary
Offline
Activity: 2492
Merit: 2742
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 09, 2023, 04:46:08 PM |
|
as you may have seen binance was about to ruin the whole crypto market in 2019 when they wanted to reorg blocks to recover a hacked 7,000 bitcoins.
Eh? So now bitcoin, in your opinion, is not decentralized because someone wanted to do something that didn't even accomplish? Of course no one would have ever followed Binance's proposal, it was just stupid and it was their problem, I don't understand how you can base your statement on something that never happened, everybody can say whatever they want.
|
|
|
|
Stalker22
Legendary
Offline
Activity: 1610
Merit: 1381
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 09, 2023, 05:35:56 PM |
|
Even if they didn't this concern means they have the power to it if they wish so the issue remains whether chip did that or not
Do you ever take a moment to actually read the words that are coming out of your keyboard? Even if they didn't, they somehow have this incredible power to do it anyway! Does that sound logical to you? The funny thing is, even with all their power, they could not pull it off! And that right there is solid proof that Bitcoin is as decentralized as it gets. Also, since you claim to be telling the facts, show me proof that ChipMixer was logging user data. (Not that it has anything to do with Bitcoin decentralization).
|
|
|
|
Dr.Bitcoin_Strange
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 09, 2023, 05:52:39 PM |
|
Yes, bitcoin is not decentralized.
So Bitcoin is not decentralised because of the few things you said below? Wow. First, you know that it's an aguable fact that the founder of Bitcoin has not yet been known; second, you know that he did not place the control of Bitcoin in the hands of one man; third, you know that when I carry out just a normal P2P transaction on my self-contained wallet, my identity is never revealed to anyone; and fourth, you know that I could still carry out my Bitcoin interaction on some DEX without having my identity revealed. Let me ask you this question: if I have like 5 Bitcoin in a hardware wallet and I bought those Bitcoin from a DEX, tell me who will know that it's Dr. Bitcoin Strange that owns those coins? But if I have like $20,000 in my bank account with all my identities registered on that account, I hope you know that every one of the bankers can identify my account balance and also know that I own the account. So, tell me why Bitcoin is not decentralised. Just answer it yourself. Cheers 🥂, Dr.Bitcoin_Strange 👺👺
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Ulven
Legendary
Offline
Activity: 1610
Merit: 1131
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 09, 2023, 07:32:04 PM |
|
Yes, bitcoin is not decentralized.
1- as you may have seen binance was about to ruin the whole crypto market in 2019 when they wanted to reorg blocks to recover a hacked 7,000 bitcoins.
The incident you referenced with Binance in 2019 was a plan to rearrange the blockchain in order to recoup monies that had been stolen. However, the Bitcoin community, which consists of miners, developers, and users, strongly opposed this plan. In the end, the plan was shelved, and the blockchain was left alone. The community resisted any attempt to centralised control, demonstrating the robustness of Bitcoin's decentralised character. 2- a lot of people's worried about foundry market share in the mining space as it threats bitcoin security and partial decentralization
It is true that there is concern about the concentration of mining power due to the possibility of some mining firms, such as Foundry, attaining a substantial market share. It's crucial to remember that the Bitcoin network is still decentralised because mining power is shared among numerous users all over the world. There are concerns associated with mining concentration, including as the possibility of collusion or 51% attacks, however ongoing efforts are made to encourage decentralisation and guarantee the network's security. Decentralization in Bitcoin refers to the fact that no single entity or group has complete control over the network. It relies on a distributed network of nodes, where each participant has a copy of the blockchain and contributes to the consensus mechanism. This decentralized structure makes it difficult for any single entity to manipulate or control the system.
|
|
|
|
CryptoHFs (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 182
Merit: 35
STRAIGHT FORWARD
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 09, 2023, 07:34:35 PM |
|
Yes, bitcoin is not decentralized.
So Bitcoin is not decentralised because of the few things you said below? Wow. First, you know that it's an aguable fact that the founder of Bitcoin has not yet been known; second, you know that he did not place the control of Bitcoin in the hands of one man; third, you know that when I carry out just a normal P2P transaction on my self-contained wallet, my identity is never revealed to anyone; and fourth, you know that I could still carry out my Bitcoin interaction on some DEX without having my identity revealed. Let me ask you this question: if I have like 5 Bitcoin in a hardware wallet and I bought those Bitcoin from a DEX, tell me who will know that it's Dr. Bitcoin Strange that owns those coins? But if I have like $20,000 in my bank account with all my identities registered on that account, I hope you know that every one of the bankers can identify my account balance and also know that I own the account. So, tell me why Bitcoin is not decentralised. Just answer it yourself. Cheers 🥂, Dr.Bitcoin_Strange 👺👺 How will you buy them from the dex using other token? How you get the other token? When you need to cashout and buy valuable stuff you will be forced to reveal some reserves to prove this is a clean money
|
Ich habe keine lust
|
|
|
Hamza2424
Legendary
Offline
Activity: 1078
Merit: 1091
🇵🇰 Pakistan
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 09, 2023, 07:51:32 PM |
|
In short decentralization for bitcoin is like anonymity for mixers you just add another layer of security for investments but this doesn't mean that mixers don't record your data like chipmixer did, and also it doesn't mean that bitcoin is 100% decentralized as you saw it just needs huge power to have it ruined and that is a good reason to use it
Chipmixer was a sad event, and I agree with the point that mixers record the data and more possibly that data can be misused as well, I think it doesn't mean Bitcoin is centralized, for the Binance went you are talking about is a glimpse of old memory in the current timeline you can actually feel much safe with Bitcoin rather than any other asset. I think it's enough to convince anyone to stick to it.
|
|
|
|
CryptoHFs (OP)
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 182
Merit: 35
STRAIGHT FORWARD
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 09, 2023, 08:04:46 PM |
|
In short decentralization for bitcoin is like anonymity for mixers you just add another layer of security for investments but this doesn't mean that mixers don't record your data like chipmixer did, and also it doesn't mean that bitcoin is 100% decentralized as you saw it just needs huge power to have it ruined and that is a good reason to use it
Chipmixer was a sad event, and I agree with the point that mixers record the data and more possibly that data can be misused as well, I think it doesn't mean Bitcoin is centralized, for the Binance went you are talking about is a glimpse of old memory in the current timeline you can actually feel much safe with Bitcoin rather than any other asset. I think it's enough to convince anyone to stick to it. Yes we will remain sticking to it but while knowing facts.
|
Ich habe keine lust
|
|
|
Stalker22
Legendary
Offline
Activity: 1610
Merit: 1381
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 09, 2023, 08:24:43 PM |
|
Yes we will remain sticking to it but while knowing facts.
What facts are we talking about here? Because as far as I can see, you haven't mentioned any yet.
|
|
|
|
Mate2237
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 09, 2023, 08:34:16 PM |
|
Yes, bitcoin is not decentralized.
1- as you may have seen binance was about to ruin the whole crypto market in 2019 when they wanted to reorg blocks to recover a hacked 7,000 bitcoins.
2- a lot of people's worried about foundry market share in the mining space as it threats bitcoin security and partial decentralization
And there is many other points
In short decentralization for bitcoin is like anonymity for mixers you just add another layer of security for investments but this doesn't mean that mixers don't record your data like chipmixer did, and also it doesn't mean that bitcoin is 100% decentralized as you saw it just needs huge power to have it ruined and that is a good reason to use it
Thanks
Op do really understand the concept of decentralization? Decentralization means, the powers are shared among other people therefore, everyone control their territory or domain and this the educational aspect of the concept If may correct. And that gave birth to the tearm in Cryptocurrency that everyone who own bitcoin control it from their own wall and nobody control the coins for them. Nobody can freeze my coins except, and nobody can send my bitcoin except me. And that is the meaning of the decentralization in the field of Cryptocurrency. So all those things you mentioned there I see it as adulterated.
|
|
|
|
The Cryptovator
Legendary
Offline
Activity: 2338
Merit: 2209
Crypto Casino and Sportsbook
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 09, 2023, 08:41:19 PM |
|
I believe it would be beneficial for you to familiarize yourself with the concept of decentralization. You can easily find information on it by conducting a simple Google search. In the context of Bitcoin, decentralization refers to the fact that it is not governed by any central authority. Instead, it is controlled by individuals who can run nodes to keep the Bitcoin network operational. However, it's important to note that decentralization does not necessarily imply anonymity. All transactions and records are permanently stored on the blockchain. While centralized exchanges like Binance have the ability to freeze funds, this does not negate the decentralized nature of Bitcoin
|
| | | | | | FIRST NO WAGERING BONUS CASINO & SPORTSBOOK SLOTS │ LIVE CASINO │ LIVE GAMES │ SPORTS | | | ► | WELCOME BONUS ─── UP TO ─── [ $500 ] | | ► | MULTI BET BONUS ─── UP TO ─── [ 200% ] | █████████████▄██▄ ████████████▐█████ ███▄██▄█████▐██████▄ ████████▄▄██████████▄ ███▐██▀██▀███████████ ██████████████████████▄ ███▐▄█████▄████████████▄ ▄▀▀███████████▄███████░█▌ ▀███████████████████████ ░███████████████████████ ░░▀▀▀▄██▄███████████████▄ ░░████▀█▀█████████████████▄▄ ██████▀███████████████████████▄ | PLAY NOW |
|
|
|
davis196
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 10, 2023, 05:29:41 AM |
|
Yes, bitcoin is not decentralized.
1- as you may have seen binance was about to ruin the whole crypto market in 2019 when they wanted to reorg blocks to recover a hacked 7,000 bitcoins.
2- a lot of people's worried about foundry market share in the mining space as it threats bitcoin security and partial decentralization
And there is many other points
In short decentralization for bitcoin is like anonymity for mixers you just add another layer of security for investments but this doesn't mean that mixers don't record your data like chipmixer did, and also it doesn't mean that bitcoin is 100% decentralized as you saw it just needs huge power to have it ruined and that is a good reason to use it
Thanks
1.Well, Binance didn't ruin the crypto market, because nobody would allow them to "reorg blocks to recover hacked BTC". Using a failed example from 4 years ago doesn't prove that Bitcoin isn't decentralized. 2.The debate about Bitcoin being not decentralized because mining power is concentrated a bunch of big companies exists for years. The "51% attack" theory doesn't make sense because the attacker would simply waste too much resources and gain nothing in return. 3.I agree that BTC mixers are centralized, but nobody is forcing anyone to use them. If you want anonymity, just use Monero. Bitcoin isn't supposed to be 100% anonymous.
|
|
|
|
Kakmakr
Legendary
Offline
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 10, 2023, 05:40:28 AM |
|
I would like to know how you can come to that conclusion, when Binance are only one entity to the whole picture? The moment when you have a technology that are spread over multiple entities and not controlled by a central entity, then we call it decentralized.
In any way, even if one large mining pool decides to re-organize blocks, then all other miners must decide if they want to accept those changes... and if they do not do that, then they will run on a separate fork.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
yudi09
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 10, 2023, 06:44:26 AM |
|
Yes, bitcoin is not decentralized.
Bitcoin is decentralized. 1- as you may have seen binance was about to ruin the whole crypto market in 2019 when they wanted to reorg blocks to recover a hacked 7,000 bitcoins.
The case that happened to Binance in 2019 could cause the price to fall because Binance is a large exchange that has a large number of transactions every day so when Binance was hacked and lost 7000 BTC at that time it made the world surprised. For me it has nothing to do with Bitcoin decentralization. Bitcoin hacking cases are not easy work for hackers. Don't immediately generalize all things that are not necessarily connected. Here's a snippet about the Binance incident in 2019 that lost 7000 Bitcoin; Here are the facts and their implications according to Binance’s announcement: - Binance detects “a large scale security breach” at 17:15:24 UTC on May 7.
- The hackers had used various techniques (“phishing, viruses and other attacks”) to obtain “a large number of user API keys, 2FA codes, and potentially other info;” Binance is continuing its investigation.
- During this attack, only Binance’s BTC hot wallet (which contained 2% of Binance’s entire BTC holdings) was affected, and the stolen 7000 BTC (worth over $40 million) was withdrawn in a single Bitcoin transaction.
- The hackers used multiple (“seemingly independent”) compromised user accounts to perform the attack; Binance’s security checks, sadly, did not detect what was going on, and alarms only got triggered once the withdrawal had been executed, at which point all withdrawals were disabled.
- Binance will use its Secure Asset Fund for Users (SAFU), which was announced on 3 July 2018, to make sure that its users do not suffer any financial loss.
- Binance has started a “security review” that is expected to take around one week. During this period, no deposits or withdrawals are possible, but trading is allowed to continue.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
Wend
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1400
Merit: 283
DGbet.fun - Crypto Sportsbook
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 10, 2023, 09:19:20 AM |
|
Yes, bitcoin is not decentralized.
If bitcoin is not decentralized, I wonder why the government so far can't figure out how to control it, they are still struggling to find a way to block and ban it. Why did they spend so much time and effort spreading lies about bitcoin to keep people away from it? If not decentralized, they just need to control and manipulate it as they want, isn't that done?
|
|
|
|
Z390
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 10, 2023, 09:35:05 AM |
|
Bitcoin is decentralized by default, if you are looking for who to blame, then talk or hate on how people don't use Bitcoin as a decentralized digital currency that it is, people or let me say adopters are the one making Bitcoin look less like a decentralized asset, they entrust their Bitcoin to fellow big centralized companies because they don't know how to keep their coins safe or they don't understand what real decentralization looks like.
Bitcoin was never meant to be sent to any centralize exchange in the first place, imagine if every adopters and traders say no to centralized exchange, those companies will feel the hit themselves because Bitcoin is the main asset that makes them successful the most.
Quit hating and all your point are all wrong, you just miss the real fact what happened then and I am glad that few people already replied with the real answers.
|
🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
|
|
|
tread93
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 10, 2023, 10:17:56 AM |
|
I think you got it wrong. Binance wanted to reorg but it never happened. A 51% attack can happen but it never happened. Bitcoin has enough enemies who’d drool over ruining BTC by attacking it, but realistically this can’t happen.
Bitcoin’s more decentralized than ever. If somehow something happens with the miners and they decide to conquer and change BTC, Bitcoin is a community and if the community doesn’t agree it just won’t happen - or it’ll happen on a separate chain while we continue using the old BTC as it used to be.
Prove BTC is centralized.
I would definitely have to agree with Kevin, prove it is centralized m8. These claims you made were about binance and chip mixers only has so much effect on the crypto market as a whole, but they don't cause Bitcoin to be deemed a centralized currency in any way.
|
|
|
|
FinneysTrueVision
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 12, 2023, 04:02:15 AM |
|
Yes, bitcoin is not decentralized.
1- as you may have seen binance was about to ruin the whole crypto market in 2019 when they wanted to reorg blocks to recover a hacked 7,000 bitcoins.
2- a lot of people's worried about foundry market share in the mining space as it threats bitcoin security and partial decentralization
And there is many other points
In short decentralization for bitcoin is like anonymity for mixers you just add another layer of security for investments but this doesn't mean that mixers don't record your data like chipmixer did, and also it doesn't mean that bitcoin is 100% decentralized as you saw it just needs huge power to have it ruined and that is a good reason to use it
Thanks
You said there are many other points but you only brought up two and one of them never even materialized. The idea was so unpopular that CZ quickly abandoned it. He knew there wasn't enough consensus. The facts actually prove that Bitcoin is indeed decentralized. Foundry is owned by DCG which already tried to change Bitcoin's consensus rules with Segwit2x. That didn't turn out to well for them thus reinforcing Bitcoin's decentralization.
|
|
|
|
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ████████▄▄████▄▄░▄ █████▄████▀▀▀▀█░███▄ ███▄███▀████████▀████▄ █░▄███████████████████▄ █░█████████████████████ █░█████████████████████ █░█████████████████████ █░▀███████████████▄▄▀▀ ███▀███▄████████▄███▀ █████▀████▄▄▄▄████▀ ████████▀▀████▀▀ █▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀BitList▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀List #kycfree Websites▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ |
|
|
|
franky1
Legendary
Offline
Activity: 4326
Merit: 4652
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 12, 2023, 04:41:54 AM Last edit: July 12, 2023, 04:53:21 AM by franky1 |
|
Yes, bitcoin is not decentralized.
1- as you may have seen binance was about to ruin the whole crypto market in 2019 when they wanted to reorg blocks to recover a hacked 7,000 bitcoins.
binance was not about to nor wanted.. in the space of 8 hours of social drama 4 years ago binance said it was approached by other groups of services and pools asking binance does binance want to re-org.. binance released a periscope video just saying others asked him if they should help.. so not his idea.. .. 8 hours later he made another tweet saying he has no plans to do it as it can cause many bad effects.. so even though its been 4 years since that single afternoon of non events, just social gossiping/drama.. it seems people here today still thought it was a thing.. its not. was not if you however do want to talk about some real centralisation. look at the CORE of the protocol. they named their brand that for a centralist reason. and any other node brand trying to offer the same features(protocol change proposals) will get REKT do some better research. also mining pools do not code the rules/protocol, they follow the rules or get blocks rejected. they have been found to have their blocks rejected many times if they even tried to go against the code.. so if you wish to look at the centralisation. look who actually makes the code changes(has the real power) binance and mining pools do not write the code nor have they done reorgs.. but one group has rejected block, mandated changes to the protocol a few times now Foundry is owned by DCG which already tried to change Bitcoin's consensus rules with Segwit2x. That didn't turn out to well for them thus reinforcing Bitcoin's decentralization.
actual events were that DCG were working WITH core to get segwit activated using a flag event to get segwit active with a empty promise of a 2x base block increase ['sometime'] later. their flag event did activate segwit. so their campaign worked as core and DCG wanted. but it was the 2x part that was never wrote into code at the time and has since never been wrote into code yes blockstream(cores sponsors) was funded by DCG and to add more detail to that drama. the other pretend opposition to cores segwit was bloq. whom DCG also has in its portfolio..
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
tjtonmoy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 12, 2023, 09:08:59 AM |
|
Yes, bitcoin is not decentralized.
Says who? You? What if I say that your opinion does not matter here? Because we all know what Bitcoin is and what it can be in the future. Just saying that it is not decentralized does not make it centralized. Just because some people own a huge amount of Bitcoin does not mean that they have full control over the market. Or they can alter the main source. No one can do it. What do you want to indicate by saying decentralized? If we are talking about the same "decentralize" then you are wrong. Decentralized means, no one has control over it. It is not run by any centralized organization. If you look at it now and do some research on your own, you would know it. Those points that you have talked about in your post, seem like FUD. It does not make Bitcoin centralized. That is the truth. You said it already. It's an event from 2019. Can't you see the current market and where it was? Did that affect the market that much? Maybe, but temporality. And again, it did not make Bitcoin centralized.
|
|
|
|
|