Is This Still Adoption?

[BitGoba]

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

Crypto was never decentralized. Crypto emerged because people do not have the time or knowledge to understand the technical and economic essence of Bitcoin, so various scammers exploit that ignorance.A group of scammers gets together, raises money from VC capital, launches some project of their own, keeps a huge premine for themselves, hypes it up, and then dumps it on fools.For example, XRP, Solana,ETH and similar projects are,all scams.


When we say decentralization, we mean that no one can change the rules unilaterally. Bitcoin is money digital cash. Everyone is a peer in that monetary network,Bitcoin is software, and that software is not located in one place. Each of us runs our own copy on our own computer. For anyone to change the software, they would have to convince all of us to upgrade to a new version.Everyone decides for themselves which software they will install on their computer.

Altcoins are not true peer-to-peer networks. In most altcoin systems, you do not have a large number of independent users running their own software. In practice, the network is maintained by a small number of large companies or centralized actors.I hope I helped you understand it, but you will understand it best if you install Bitcoin and then try installing, for example, an Ethereum or some other altcoin node. That is where the difference becomes obvious, because almost nobody runs a node there.

[DPHOR]

The entire cryptocurrency is not recorded as decentralization rather, we can say that we have coin that are decentralized, such as Bitcoin, DAI, Monero, few coin. Although Bitcoin is known to be decentralized mainly while the rest few mentioned are known to be privacy coin. Coin such as ethereum, BNB, LTC, USDT and TRX are not decentralized. Hence, they are know as centralized coin where even government or the creator can have powers over it.
Now for market manipulation doesn't really affects the centralized and decentralization of coin any coin, it's just about liquidity matter.

[uchegod-21]

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

People tend to attribute too much power to institutions and individuals assumed to be very powerful. Institutional investors don't control the Bitcoin network; they do not have the power to do that. When you say institutional money drives the market, yes, it happens, but only by manipulating the price of Bitcoin. Decentralization means you, I, and the institutions control the bitcoins we own individually; institutions can't restrict me from accessing my bitcoins.

Are we slowly moving away from decentralization? Yes, and that is not because of institutional investors, but because Bitcoiners now prefer convenience over privacy and security, using centralized platforms that control their keys.

In clear terms you have said the institutions don't influence your access to your BTC which is true but they are part of the users who want convenience. Or are there specific comfort seekers? Because to the best of my knowledge there is no clarity on who seeks this convenience mentioned.

There is no specific group of people we can identify as comfort seekers; anyone can be one at any point, and this is determined by how they use Bitcoin. You see those people who choose to store their bitcoins on exchanges because they feel it is easier that way, or those who prefer to use custodial wallets or any third-party custody, they are the ones who want things the easy way. Many have been guilty of this at one point or another. Even institutions can seek convenience if they use custodial wallets. As long as you do not make self-custody a priority, the next option will be third-party custody, and this is not safe.