6 ms·

Bitcoin isn't decentralized.

• sillysaurus3 9y ago
  This is going to need a lot more text to justify.
  • nosuchthing 9y ago
    There's only 3 mining pools, and the dev team has acted anything but democratic. The reason for the fork to cash was because the dev team wanted to keep the network inefficent to benefit miner rewards at the expense of users, along with justifying the lightning network, with Blockstream having 9+ bitcoin core developers on their payroll.
    • bdcravens 9y ago
      > There's only 3 mining pools There's well more than 3 mining pools. https://blockchain.info/pools https://blockchain.info/pools
      • nosuchthing 9y ago
        6 mining pools with 67.3% of the network.
        • bdcravens 9y ago
          That's still more than 3 :-)
    • exo762 9y ago
      > the dev team has acted anything but democratic And? You retain control because you can exit, this is the point of having cryptocurrency. It is a voluntary process. And for "democratic" development process... I'm amazed that this point is being brought up. Show me successful software project that is being "democratically" controlled.
      • nosuchthing 9y ago
        The the dev team intensionally cripples their product's service efficiency when the user base adamantly calls them out for doing so, and meanwhile several of the core devs are being paid by a company which is developing it's own fix for the crippled transaction speeds of bitcoin.
        • exo762 9y ago
          This is exactly what I was talking about. Ultimately their technical vision is different from opinions of large group of outsiders, such as you. Allowing you to input your opinion into the dev process would effectively block it. Fortunately there is a solution. Bitcoin Core is their software. You, however, are free to use Bitcoin Cash (exactly that everyone wanted, am I right?). You are free to contribute to Bitcoin Cash. You are free to start your own cryptocurrency. Don't like it? Exit.