Is This Still Adoption?

[coupable]

Who told you that cryptocurrencies are decentralized? The person explained cryptocurrencies to you wrongly. Cryptocurrencies are not all decentralized, but only ones like bitcoin as a good example is decentralized.

But most cryptocurrencies are centralized in one way or the other. Ethereum is not completely decentralized, even in a way that the cofounders are the ones that are controlling what is happening.

From this approach, the number of fully decentralized cryptocurrencies is negligible compared to the actual total number of active cryptocurrencies in the market nowadays (more than 20K). If I think for a moment, I can't remember more than Bitcoin, Doge, and Grin. More tough it becomes to identify them.

And with fully decentralized ones, it is almost impossible to use them in daily life payments or as trading investment without going throug a centralized service. Decentralization becomes without real life utility in those cases.

[Davidvictorson]

Bitcoin decentralization though is on its network, on bitcoin network there is no control or should I say censorship on the type of transaction a miner can accept. If at all the miners with high power decide to censor some of their transactions then this what I will call centralization

I understand your point. Personally, I am skeptical of the government especially when it comes to bitcoin. Why it is  not having a favorable side with a lot of governments around the world is that they can’t control it. If they could, it would have been centralized. I still feel like there is a chance that this might happen in the distant future and once again, it is just my prediction and I may be wrong.

[Darker45]

It seems there are things to be clarified first. What does "in practice" mean? Bitcoin remains decentralized insofar as its functions are concerned. That the market can be manipulated to a certain extent by a handful of players isn't Bitcoin. The market is free.

A rich bank can own 10% of the entire circulating supply and make use of such position to try bring the price up and down to its own advantage. That doesn't sound decentralized, but that's not what Bitcoin's decentralization mean. Bitcoin is decentralized because of its distributed ledger, consensus mechanism, source that's open for everybody to review and change, peer-to-peer network, and so on. It's not because available coins are open for everybody to buy.

[sana54210]

Decentralization is not about the money, a whale could manipulate bitcoin if they want to, at this point bitcoin is too big for one single whale to move that much, so it has to be a lot of whales, but in the end, altcoins could still move if a whale wants to. It was never about the money, decentralization isn't about institutional money coming in or not, it is not about being 50k or 100k, it's about the code.

Blockchain is what decentralized means, and will always mean the same thing. Just make sure that you are doing a good job with protecting and safety and you are decentralized, because no government can change anything on blockchain even if they all want to and try together, that's what decentralization gives us.

[Easteregg69]

If people said no 3 times then it's beyond.

Justin talks about people don't care about what the what underlying execution layer it is as long as it works.

Could be about fractional shares. You know. SP500 on a ledger. Keep mushrooms in the dark and feed them shit..

[SableTeacup]

Adoption doesn’t cancel decentralization,it tests it. Institutions can influence price, but they don’t control:

the protocol
consensus rules
who can participate

That’s still open to anyone.
https://bitcoin.org/bitcoin.pdf

So yes, it’s still decentralized, just under more pressure.

[Findingnemo]

Bitcoin is decentralized but the ETF you will get isn't so if you are holding the real BTC then it still remains decentralized no matter who owns how much stack. But most people don't even know the difference of real bitcoin and the money printer fake bitcoins in the name of tokenization.

[Easteregg69]

Bitcoin is decentralized but the ETF you will get isn't so if you are holding the real BTC then it still remains decentralized no matter who owns how much stack. But most people don't even know the difference of real bitcoin and the money printer fake bitcoins in the name of tokenization.

I get the idea that the issuer must hold the underlying asset. Or some collateral.

After all i took the test. It says you risk loosing all your money anyhow. You can google the questions.

"What happens if i can't pay?" Try that instead of "What happens if they can't pay?". Calls for alcohol. Try convince Porche that Toyota is better.. Going.

It will be adopted when it passes. Next you will be on to checking on windturbines and alternative energy sources. Some shit that don't stick like oil.

Solar panels has less moving parts. Pilsner..

[YOSHIE]

Is crypto still decentralised in practice?
Or we are watching it slowly move from decentralisation?

As far as I know, crypto is not pure decentralization, in my view crypto is more on a mixed spectrum, which can be called decentralized, namely exchanges, stablecoins and so on except Bitcoin, for that they are often driven based on the need for liquidity, and mass adoption, Practically you can see that the role of these exchanges is centralized, they often buy Bitcoin/crypto in large amounts and store their crypto assets on decentralized exchanges.

For this reason, crypto is not decentralized but crypto such as Bitcoin has evolved which we know from the idea of ​​decentralization which is directly related or uses Hybrid Blockchain or Hybrid Technology, the goal of all this is for the sake of the blockchain ecosystem, balancing decentralization, centralized security, for widespread Bitcoin adoption.

[serjent05]

Is crypto still decentralised in practice?
Or we are watching it slowly move from decentralisation?

As far as I know, crypto is not pure decentralization, in my view crypto is more on a mixed spectrum, which can be called decentralized, namely exchanges, stablecoins and so on except Bitcoin, for that they are often driven based on the need for liquidity, and mass adoption, Practically you can see that the role of these exchanges is centralized, they often buy Bitcoin/crypto in large amounts and store their crypto assets on decentralized exchanges.

For this reason, crypto is not decentralized but crypto such as Bitcoin has evolved which we know from the idea of ​​decentralization which is directly related or uses Hybrid Blockchain or Hybrid Technology, the goal of all this is for the sake of the blockchain ecosystem, balancing decentralization, centralized security, for widespread Bitcoin adoption.

I think otherwise, for example, Bitcoin is a decentralized cryptocurrency, it does not become hybrid just because a centralized exchange or service integrate it to its system.  Here, we can separate the natural features of Bitcoin and the natural features of exchanges.  They are different entities, so we cannot just merge them and say Bitcoin is a hybrid technology (partly centralized and partly decentralized) because it is not.

Bitcoin remains decentralized, and as I stated, it is the services that integrate Bitcoin that are centralized.

[Publictalk792]

First of all crypto was decentralized when it was limited to Bitcoin. When other coins added into it it has divided in two parts, Bitcoin and crypto. So only Bitcoin is decentralized but other all coins are centralized. So first you should clear your mind that crypto is already is in owner hands so if any company is buying crypto so they are already buying a centralised thing. And if you are talking about Bitcoin so Bitcoin is never be centralised.

[Ndabagi01]

If institutional money drives the market…
Is crypto still decentralised in practice?
Or we are watching it slowly move from decentralisation?

Institutional money actually drives the market and the reason for that is the massive inflow and interest of putting money into bitcoin by this investors. Cryptocurrency is not generally decentralized in nature, bitcoin is the only decentralized currency you can depend on, so any other cryptocurrency has centralization in it that makes them obvious to be controlled, manipulated by its inventors. Cryptocurrencies may be looking to be moving to centralization more but bitcoin still remains decentralized as always.

[Muba20]

If institutional money drives the market…
Is crypto still decentralised in practice?
Or we are watching it slowly move from decentralisation?

Earlier, only ordinary investors could influence the market. At that time, there was no one to control the market, but nowadays, there are ETFs and institutional investors have joined, so there is definitely a control of big investors in the market. If they try, there can change in the Bitcoin price. There is no way to say that they have complete control over Bitcoin. Because it is not possible for anyone to control this decentralized platform as there are many holders of bitcoin worldwide, if someone wants to take advantage of it by selling, others will buy and deprive them of that opportunity. That is, since there are a large number of investors, market control is not possible in any way. However, sometimes if they can influence the market and create hype and change public sentiment, they can take opportunity, but it is never possible to control it completely.

[sfjordhalvson]

If institutional money drives the market…
Is crypto still decentralised in practice?
Or we are watching it slowly move from decentralisation?

Earlier, only ordinary investors could influence the market. At that time, there was no one to control the market, but nowadays, there are ETFs and institutional investors have joined, so there is definitely a control of big investors in the market. If they try, there can change in the Bitcoin price. There is no way to say that they have complete control over Bitcoin. Because it is not possible for anyone to control this decentralized platform as there are many holders of bitcoin worldwide, if someone wants to take advantage of it by selling, others will buy and deprive them of that opportunity. That is, since there are a large number of investors, market control is not possible in any way. However, sometimes if they can influence the market and create hype and change public sentiment, they can take opportunity, but it is never possible to control it completely.

I think it really comes down to influence vs control. Big institutions can move the price in the short term. They have a lot of capital, and when they buy or sell, it can affect the market quickly. They can also shape sentiment through news and hype.

But that doesn't mean they control the Bitcoin itself.

• No single entity controls the network
• The supply is still fixed
• There are millions of holders worldwide

In my opinion, this is still part of adoption, just a new stage. Bigger players are joining, but Bitcoin is still open for everyone. Price can be influenced, but the system itself remains decentralized.

[legiteum]

Institutional money actually drives the market and the reason for that is the massive inflow and interest of putting money into bitcoin by this investors. Cryptocurrency is not generally decentralized in nature, bitcoin is the only decentralized currency you can depend on, so any other cryptocurrency has centralization in it that makes them obvious to be controlled, manipulated by its inventors. Cryptocurrencies may be looking to be moving to centralization more but bitcoin still remains decentralized as always.

I realize this is "bitcointalk" and there's going to be a lot of extreme-pro-bitcoin bias here but... come on...

Today there are lots of very viable, very large and very established blockchains out there that work perfectly fine and don't lose people's money. There's Ripple, Solana, Hedera, Ether, and coins like DOGE, XRP, USDT, and so on. Collectively these coins make up almost half of the total coin market cap, and probably 90% of all transactions. Stablecoins today move 10-100x more money than Bitcoin does on any given day.

It's fine to say Bitcoin is better if you like it more, but factually false to say that Bitcoin is the only cryptocurrency that works for people.

[X-ray]

If institutional money drives the market…
Is crypto still decentralised in practice?
Or we are watching it slowly move from decentralisation?

You are mistaking decentralization of holder to decentralization of the network. Even if the institution drive the market or own 90% of total supply what matters is the network is decentralized and the hashrate is distributed across miners around the world.

Institutional becoming the driving force of the market may be bad for some but its been that way for a long time. They got the biggest capital and nearly 99% of the market outside bitcoin are driven by institutional money as well.

[The Cryptovator]

When a centralised organisation holds Bitcoin, then it doesn't turn Bitcoin into a centralised asset. Anyone could invest in Bitcoin; it's open for everyone, either institutions or individuals. If you know the nature of Bitcoin, then you should know Bitcoin is decentralised by birth. Anyone couldn't modify it or change it from a decentralised to a centralised coin.

Nowadays Bitcoin has become an investment opportunity for everyone, so institutions don't want to miss that opportunity; hence, a lot of institutional investors drive money into the Bitcoin market. Still, this is adaptation, because as much as an individual or institution starts believing in Bitcoin, it should consider Bitcoin adaptation as well.

[Curious T]

Cryptocurrencies like Bitcoin that are decentralised will always remain decentralised, even if people use them on centralised exchanges or centralised institutions hold them. Bitcoin was not launched for individuals alone, nor is it against being used by government or centralised corporations. Bitcoin is free for anyone to use. If it were selective, I believe criminals would be on top of the list of people who shouldn't use bitcoin before you talk about corporate institutions.

[Somegory]

If institutional money drives the market…
Is crypto still decentralised in practice?
Or we are watching it slowly move from decentralisation?

Crypto isn't decentralised.
Bitcoin is the only decentralised coin among the millions of coins out there.

Even while Bitcoin is decentralised, people can still use it in a Centralised way, buying Bitcoin by passing KYC and verification means you are practicing and encouraging centralisation.

The best way to buy Bitcoin ( if you want to practice decentralisation) is to buy from platforms where verification isn't needed, total control over your coins should be other platforms priority, if they care about decentralisation too.

[tbct_mt2]

Crypto isn't decentralised.

Most of altcoins are not decentralized.

Bitcoin is the only decentralised coin among the millions of coins out there.

Bitcoin is not the only decentralized cryptocurrency but it is the best one, and Monero is decentralized too.

But Monero has disadvantage with smaller network hashrate than Bitcoin has with its highest network hashrate in cryptocurrency industry and particularly Proof of Work cryptocurrencies.

You can see with this website, for almost similar security for your transaction, with Bitcoin you need 1 hour but with Monero you will need more than 14 days, but they're just estimated numbers while your money will be either safe or lost after you broadcast it to mempools for confirmations. You don't need to wait till 1 hour or 14 days later to lose your coins.
https://howmanyconfs.com/