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Bitcoin has centralized exchanges, but no centralized organization or exchange.
by dannyw 6y ago
Bitcoin has centralized exchanges, but no centralized organization or exchange.
- heavyset_go 6y agoBitcoin isn't a company, though.
- kinakomochidayo 6y agoWell, the development of Bitcoin Core is highly susceptible to corporate influence as seen by what Blockstream did in the past (which is less now and more diverse), but still, it can happen again in the future should there be any contentious issues in the community. Why is it that Lightning Network seems to be the only L2 solution with Bitcoin? Because it’s a Blockstream product.
- wp381640 6y agoLightning isn’t a blockstream product - their L2 product was Liquid and it lost to Lightning
- kinakomochidayo 6y agoWhoops, you’re right. It’s still odd that Blockstream had significant number of developers working on the core protocol.
- RustyRussell 6y agoIt was founded by core developers.
- Yizahi 6y agoWhat about mining pools? Top 3 pools now have more than 50% of hashing power (meaning total control of the network), and corporate agreements between 3 entities are not exactly rare.