4 ms·
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market https://www.bloomberg.com/news/articles/2017
by hoosieree 9y ago
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market https://www.bloomberg.com/news/articles/2017-12-08/the-bitco...
A handful of actors with a controlling stake isn't exactly the same thing as "centralized" but it's close.
- lambdadmitry 9y agoIt's also inherently "centralised throughout liquidity". Because it's both deflationary and risky, the amount of liquidity available at any given moment is small, so a willing actor with some money at hand can affect the market disproportionately. Look at the way Tether manipulated the price.
- darawk 9y agoNot really. They're pretty different things.