3 ms·
> From centralized exchanges, to centralized mining cartels, what does something like Bitcoin have left to offer? I'd say you're being overdramatic here. Minin
by olalonde 9y ago
> From centralized exchanges, to centralized mining cartels, what does something like Bitcoin have left to offer?
I'd say you're being overdramatic here. Mining is still decentralised and if there are any mining cartels, they haven't abused their position yet. It's still possible to buy, sell and spend Bitcoin peer to peer as well.
- homakov 9y ago> Mining is still decentralised Wait what, no.
- garmaine 9y ago> I'd say you're being overdramatic here. Mining is still decentralised Controlled by a handful of people is absolutely not decentralized. They have abused their power. Ghash double spends. Segwit blocked for a year. Bitcoin cash proxy support.
- makomk 9y agoI think part of the reason Segwit2x failed is that, ultimately, mining wasn't as centralized as everyone assumed. Its proponents had the backing of the major mining pools who controlled the vast majority of the mining power - or so they thought - but it turned out enough of the actual miners had views too and were happy to switch pools to express them that it suddenly looked a lot more precarious than expected.