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How does reducing the number of people who can transact involve centralization? Aren't we discussing centralization of the mining/network power?
by softawre 9y ago
How does reducing the number of people who can transact involve centralization? Aren't we discussing centralization of the mining/network power?
- colordrops 9y agoMy point is that neither reducing the people who can transact nor who can mine have any effect that can be called "centralization". It's propaganda. Centralization implies a single point of control. Having less people be able to transact or mine doesn't change the fundamental properties of bitcoin and "centralize" it. Centralization is not a gradient.