Is This Still Adoption?

[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/

[bhadz]

Bitcoin is decentralized while many altcoins can be said of the same because of how the whales control their market and the devs as well. While it is not a debate for Bitcoin since it's the main subject of the crypto market, so it's the major thing in it. I should say that it's still decentralized. The decentralization for Bitcoin is its nature and can be said to the crypto market too since it's the biggest thing here. But, we can't stop the most projects that are also taking the interest of the people if they have devs who are in control of what it possesses.

[SPIDERMAN008]

Bitcoin is decentralized while many altcoins can be said of the same because of how the whales control their market and the devs as well. While it is not a debate for Bitcoin since it's the main subject of the crypto market, so it's the major thing in it. I should say that it's still decentralized. The decentralization for Bitcoin is its nature and can be said to the crypto market too since it's the biggest thing here. But, we can't stop the most projects that are also taking the interest of the people if they have devs who are in control of what it possesses.

You are right. Decentralization and strong privacy in crypto have become reliable and foundational to people only through Bitcoin. Because it has no central authority. If someone holds Bitcoin, no one will know except him. But the matter is different for altcoins . People confuse Bitcoin with the basic issues of privacy and management of altcoins. As a result, they misunderstand. They do not understand how Bitcoin works as a decentralized cryptocurrency. Such mistakes are mostly seen in  newbie .

[taufik123]

Bitcoin is decentralized while many altcoins can be said of the same because of how the whales control their market and the devs as well. While it is not a debate for Bitcoin since it's the main subject of the crypto market, so it's the major thing in it. I should say that it's still decentralized. The decentralization for Bitcoin is its nature and can be said to the crypto market too since it's the biggest thing here. But, we can't stop the most projects that are also taking the interest of the people if they have devs who are in control of what it possesses.

But not all cryptos can be said to be Decentralized, because Bitcoin until now uses Proof of Work (PoW) and has not changed, compared to other Cryptos such as Ethereum which has switched to Proof of Stake
(PoS) that makes Ethereum and several other coins that use the same consensus is called a Centralized coin.

Bitcoin can be developed by anyone, decentralized and the core principle of Bitcoin, which signifies a network without a central authority.
If like other Altcoins that are still growing Centrally and are really supported by their developers like Ethereum, it will have a more positive impact, but all will also be subject to Bitcoin's movement.

[Easteregg69]

You see they flip it so you can hold crypto in the bank and stocks on chain.

Got a beer somewhere.. I found it in a drawer this time ;-) . Adoption is on. Cheers.

You don't use to have the same sleezy broker that scammed you a 1000 times.

PS. Got the same person asking for a loan every month at the end of the month. That shit makes one look broke. "Pay you back when we get money". A debt circus.

Stay alighned and you be adopted in no time. You be with broke students if you complain.

Apropos scammers and thieves? Bitzler changed name? Shop is open. You be carefull out there!

A boy named Sue. Telling you they profit from ref links. First sign friendship is not enough.

[Reatim]

Bitcoin is decentralized while many altcoins can be said of the same because of how the whales control their market and the devs as well. While it is not a debate for Bitcoin since it's the main subject of the crypto market, so it's the major thing in it. I should say that it's still decentralized. The decentralization for Bitcoin is its nature and can be said to the crypto market too since it's the biggest thing here. But, we can't stop the most projects that are also taking the interest of the people if they have devs who are in control of what it possesses.

altcoins are created by private companies or individuals usually with profit in mind. bitcoin is not and will never be that. bitcoin has no owner. it’s not directly controlled by anyone. even though institutions have taken interest, individuals who own bitcoin have not disappeared.

[Easteregg69]

Bitcoin is decentralized while many altcoins can be said of the same because of how the whales control their market and the devs as well. While it is not a debate for Bitcoin since it's the main subject of the crypto market, so it's the major thing in it. I should say that it's still decentralized. The decentralization for Bitcoin is its nature and can be said to the crypto market too since it's the biggest thing here. But, we can't stop the most projects that are also taking the interest of the people if they have devs who are in control of what it possesses.

altcoins are created by private companies or individuals usually with profit in mind. bitcoin is not and will never be that. bitcoin has no owner. it’s not directly controlled by anyone. even though institutions have taken interest, individuals who own bitcoin have not disappeared.

Right they work to make money and that is where you guys step in. You be working to make bitcoins.. Cheers!

Tell you man. I redesigned the rat trap so you can keep the bait for yourself. Since it's the end of the month. I be moving the circus to regulated territory. Automated reporting and stuff allready set up.

So it's more than a clone from github. Told you SBF got played. We need him out again to prove fair does not exist. I get the beers.

Agreements tends to go beyond. Friday usually means long opening hours. Going! You secure a bit of fiat for your wallet.

Turns out shops is closed for the day because of religion.
.

[L E G E N D A R Y]

Institutional money has nothing to do with practical decentralization. If you hold your crypto in a self-custody wallet and guarantee it will never be frozen, that's decentralization. Institutional adoption only affects you (the speculator) psychologically, and that is what creates the price effect.

However, their involvement clearly reduces the active market supply because their planning is longer than that of retail adopters.

That’s a very fair point. OP must have a wrong idea of what decentralization really is. What really gives one real decentralization is self custody, and if you’re sure you’re not leaving your asset in some centralized exchange but in a safe wallet where only you controls the keys to that wallet then you’re sure of real decentralization, because that’s what decentralization is all about and not whether some ETF or BlackRock or some whales are buying. Institutional purchases don’t in anyways affect or make Bitcoin more or less decentralized, they only affect the market volatility, mostly temporarily and make the market more illiquid since they mostly buy big and hold for a longer term. The reduced supply caused by this kind of purchases is what really moves the bitcoin price and not particularly the institutional adoption itself.

[BlackHatCoiner]

It becomes both more centralized and decentralized.

• More centralized, because more bitcoin are owned by a bunch of institutional players like Strategy and Blackrock. Since consensus rules are defined by economic majority, those entities can influence the consensus significantly more than some random bitcoiner.
• More decentralized, because liquidity has gone up, and this makes it more ideal as a store of value, which makes it even more secure as network.

[Miles2006]

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

Definitely institutional money drives the market, yet bitcoin is privatize and cannot be controlled by any organization, the government etc. An investor having power over his/her coin is different from market price movement, I know these kinds of narrative are created to either scare people off probably what bitcoin future entails certainly bitcoin can’t be controlled by anyone in terms of privacy meaning bitcoin is a decentralized coin maybe op might be mistaking cryptocurrency as bitcoin because cryptocurrency are centralized coin.

[Cryptomultiplier]

It becomes both more centralized and decentralized.

• More centralized, because more bitcoin are owned by a bunch of institutional players like Strategy and Blackrock. Since consensus rules are defined by economic majority, those entities can influence the consensus significantly more than some random bitcoiner.
• More decentralized, because liquidity has gone up, and this makes it more ideal as a store of value, which makes it even more secure as network.

If it has become both centralized and decentralized, it is definitely right to say it is hybrid.
Institutional adoption is by this time overtaken individual investors, while there also centralization of systems, but Blockchain network remains decentralized in character and design which is the security to still be enjoyed.

[ZAINmalik75]

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

You are conflating two different things, the Bitcoin protocol itself is still decentralized because no matter how much an institution is holding, they can't change the supply cap, or reverse any transaction or alter the consensus rules. Institutions owing 10k btc and someone holding 0.001 bitcoin, both have the same kind of influence over the protocol.

However, market price is the second thing that you were conflating, and we know how centralized it has become due to the retailers most because they give a lot of damn about what institutions and Trump are doing. But still the impact is not imaginary, it exists, the price can easily be manipulated by some entities like MSTR or Trump.

[moneystery]

It's clear that Bitcoin remains decentralized, no one can dispute that. But, with many institutions and governments seeing Bitcoin as a viable asset to invest their funds in, the market may become centralized as these large players invest more of their resources. While this doesn't prevent individuals from continuing to invest, large entities may exert some influence on the market.

[KingsDen]

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

Cryptocurrency is not decentralised.
Some projects are decentralised such as some coins
But the most decentralised coin is Bitcoin.

Decentralization in mining, security and consensus. Decentralization is in the above mentioned factors and protocols. Decentralization doesn't stop an institution from buying bitcoin worth of $2b and start using fundamentals to manipulate the market.

[Ahli38]

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

Institutional money might be able to move the market. And it might also influence Bitcoin’s price to rise or even fall. But that doesn’t mean they can undermine Bitcoin’s decentralized nature. Bitcoin will always remain decentralized. And even if you’re talking about a Bitcoin ETF which is centralized by nature that is also has nothing conection with Bitcoin’s decentralization. So I personally think that Bitcoin shows no signs of a gradual shift away from decentralization. And I think you need to read a lot about both of these topics so you can distinguish between them. On the other hand Bitcoin adoption has no connection with decentralization. Bitcoin adoption is about the use or even acceptance of Bitcoin regardless of what the goal of each.

[cryptosize]

It becomes both more centralized and decentralized.

• More centralized, because more bitcoin are owned by a bunch of institutional players like Strategy and Blackrock. Since consensus rules are defined by economic majority, those entities can influence the consensus significantly more than some random bitcoiner.
• More decentralized, because liquidity has gone up, and this makes it more ideal as a store of value, which makes it even more secure as network.

Uhm, what?

Since when did BTC become Proof of Stake?

Not even Satoshi himself can influence a Proof of Work coin.

[BlackHatCoiner]

Uhm, what?

Ask yourself this: what determines the consensus rules? Consensus. But what is that? Since Bitcoin is not a democracy, there is no voting for consensus rules, in the traditional sense. Someone might claim that the majority of the hashrate determines the consensus rules, but that's also incorrect, because if miners hardforked to a version of bitcoin with little demand, they'd be mining in a fork that makes them bankrupt.  

What happens is this: someone proposes a change (e.g., a quantum-safe algorithm transition). At block X, the hardfork activates, and people have bitcoin at two chains. The one that survives and thrives over the long term, is the one with the support of the economic majority, which is determined by liquidity. If most people with Q-BTC sell them for the old BTC, then the old BTC remains the one that is most liquid.

Why nobody uses Bitcoin Cash? Because the economic majority sold their BCH for BTC, and because more liquidity (USD/EUR bids & asks) was directed towards Bitcoin and not Bitcoin Cash.

The protocol rules of Bitcoin Cash did not change because the economic majority chose Bitcoin. It still lives, and is worth a tiny fraction of the Bitcoin price. But if you value bitcoin as a hedge against inflation, then you value the version with the economic majority. You might believe that the Bitcoin Cash rules were "fairer" or more preferable for you, but holding BCH wouldn't have achieved the most important property of hard money, which is to protect you from inflation.

So you either follow the economic majority, or you HFSP.

[cryptosize]

Uhm, what?

Ask yourself this: what determines the consensus rules? Consensus. But what is that? Since Bitcoin is not a democracy, there is no voting for consensus rules, in the traditional sense. Someone might claim that the majority of the hashrate determines the consensus rules, but that's also incorrect, because if miners hardforked to a version of bitcoin with little demand, they'd be mining in a fork that makes them bankrupt.  

What happens is this: someone proposes a change (e.g., a quantum-safe algorithm transition). At block X, the hardfork activates, and people have bitcoin at two chains. The one that survives and thrives over the long term, is the one with the support of the economic majority, which is determined by liquidity. If most people with Q-BTC sell them for the old BTC, then the old BTC remains the one that is most liquid.

Why nobody uses Bitcoin Cash? Because the economic majority sold their BCH for BTC, and because more liquidity (USD/EUR bids & asks) was directed towards Bitcoin and not Bitcoin Cash.

The protocol rules of Bitcoin Cash did not change because the economic majority chose Bitcoin. It still lives, and is worth a tiny fraction of the Bitcoin price. But if you value bitcoin as a hedge against inflation, then you value the version with the economic majority. You might believe that the Bitcoin Cash rules were "fairer" or more preferable for you, but holding BCH wouldn't have achieved the most important property of hard money, which is to protect you from inflation.

So you either follow the economic majority, or you HFSP.

What's the TL;DR?

Do you believe BlackRock will introduce a new Bitcoin fork that will capture the majority of the hashrate, all while making BTC obsolete?

[BlackHatCoiner]

What's the TL;DR?

The TL;DR is that if the economic majority, in terms of BTC and fiat positions, is not in your Bitcoin fork, then your fork is a shitcoin, because it will be outpaced by the other version of bitcoin with economic majority support, and the hard money value proposition will only apply to the latter, not to your fork. This will make it grab more and more liquidity, and your fork will eventually go obsolete in purchasing power.

Do you believe BlackRock will introduce a new Bitcoin fork that will capture the majority of the hashrate, all while making BTC obsolete?

I don't think so. Whales like BlackRock and Strategy must be very careful with whatever new rule they potentially want to pass. If their rule, for example, is protocol-level censorship, then their fork will not receive enough demand in the market, and they will end up selling their millions of BTC for a worthless fork that nobody wants. But, they can influence the direction of e.g., which quantum-safe algorithm we will transition to. 

[Faisal2202]

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

Bitcoin is still decentralized from a protocol point of view, but in terms of price, it can be manipulated not easily by governments and institutions if they make the same move due to geographical incidents like the current one, or the tariff wars etc.

Then the whole market will move at once too. But it does not mean Bitcoin is becoming centralized. It can't be controlled by anyone, no one can change the total supply, or anything from the blockchain.

To be honest, it is indeed turning into something that I don't like and that is the involvement of Trump, he liked to manipulate, but due to him, market recovered and now it is down this path.