Is Bitcoin still Decentralized Currency?

[Operatr]

Bitcoin is anything but decentralized, as it runs on top of:

Centralized ISPs

Centralized energy

Now mining is becoming centralized more and more by big players

Most Bitcoin services and exchanges are private, centralized entities.


We have a long way to go to say the least. We must decentralize it all, though I think Bitcoin itself is the catalyst for this to actually happen.

[1714937964]

1714937964

[1714937964]

1714937964

[1714937964]

1714937964

[lg15x]

I am very, very, very much shocked when I read this: http://www.reddit.com/r/Bitcoin/comments/279sex/ghashio_double_spending/

I really need to think about that, to sell my Bitcoin for Peercoin. I've bought some Peercoin when I found out the problems of PoW. PoS is innovation of Peercoin, and Peercoin really did a good job in last 2 years.

I still will hold some bitcoins, because I believe bitcoin can fix this by using PoS sometime in the future. And Peercoin community will help.

[Marlo Stanfield]

Bitcoin is anything but decentralized, as it runs on top of:

Centralized ISPs

Centralized energy

Now mining is becoming centralized more and more by big players

Most Bitcoin services and exchanges are private, centralized entities.


We have a long way to go to say the least. We must decentralize it all, though I think Bitcoin itself is the catalyst for this to actually happen.

How are ISPs centralised? Or energy for that matter. Especially energy. Isn't there a mining operation that uses geothermal energy? That's anything but centralised.

[Beyonce]

Bitcoin is anything but decentralized, as it runs on top of:

Centralized ISPs

Centralized energy

Now mining is becoming centralized more and more by big players

Most Bitcoin services and exchanges are private, centralized entities.


We have a long way to go to say the least. We must decentralize it all, though I think Bitcoin itself is the catalyst for this to actually happen.

I don't think any of that makes it centralised at all.

[Ron~Popeil]

I am very, very, very much shocked when I read this: http://www.reddit.com/r/Bitcoin/comments/279sex/ghashio_double_spending/

I really need to think about that, to sell my Bitcoin for Peercoin. I've bought some Peercoin when I found out the problems of PoW. PoS is innovation of Peercoin, and Peercoin really did a good job in last 2 years.

I still will hold some bitcoins, because I believe bitcoin can fix this by using PoS sometime in the future. And Peercoin community will help.
[/quote

I like peercoin. It is innovative and will probably have a future along side bit coin. There seems to be not a lot of support for it right now from outside a core group of holders though. If they would promote it and update it more often I would hold some.