Pages:
Author

Topic: Bitcoin is Centralized! (Read 1701 times)

hero member
Activity: 826
Merit: 502
July 31, 2017, 04:15:20 PM
#32
Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks.

its just that at some point in time (for the reasons that i have not yet figured out) people forgot that a change no matter how small and no matter if it is called soft, hard, warm, ... should reach a consensus!

we were on a very good track not so long ago. if you read the SegWit proposal it is well though, well planned, it needs >95% support from miners then it needs node activation and then lock in and all that.

and so far all the changes have been happening like this. with a set % support, then nodes activation and lock in and ....

but this was ignored and forgotten at some point.

however this has nothing to do with "decentralization" bitcoin is still decentralized. it is just filled with people who forgot to educate themselves and came in only to make profit.
Exactly! All this has to do nothing with the decentralized nature of bitcoins and it won’t be great step towards the prosperity of bitcoins to make them centralized. It has attracted masses just because of this unique feature and bitcoin market can’t afford losing investors in huge numbers.
sr. member
Activity: 742
Merit: 251
July 29, 2017, 09:59:42 AM
#31
No, this is the wrong thing, I think everything is clear that bitcoin is decentralized, because until now no one can controlling the price of bitcoin. And I'm sure the price is natural due to demand and stock.
well I think bitcoin is not just a site but it is a whole forum and it is being working since 2009 and till now they brought a lot of changes in bitcoin they were trying to centralize bitcoin from so long according to the review of the last few years has been changed and miner is changing the users and the bitcoin currency as well but it is difficult to control bitcoin completely.
sr. member
Activity: 646
Merit: 252
July 26, 2017, 10:13:55 AM
#30
No, this is the wrong thing, I think everything is clear that bitcoin is decentralized, because until now no one can controlling the price of bitcoin. And I'm sure the price is natural due to demand and stock.
member
Activity: 93
Merit: 10
July 26, 2017, 10:10:01 AM
#29
Yes, I do not believe it is decentralized. Bitcoin's anarchist days are long gone.
I used to believe that Bitcoin was the gold of the modern age. That is to say, gold is seen today as a means of storing wealth, not as a means of shopping together with the invention of money; Both by people and by central banks.
In modern times, I thought that bitcoin, a digital value based on hash power, could be seen as a means of storing wealth.

But,
A thought: the gold is a certain element in the periodic table. Throughout the ages, people have tried to make gold with alchemy, though technology has not progressed so far. The only way to get gold is mining.

Bitcoin is not. As a result, it continues to be developed by a software and core team. So after they come out, they can say that bitcoin is changed from now on. Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks. Contrary to gold, they can give bitcoin any shape as they wish. Powerful states and corporations, rich people, deep powers, who can control and manipulate the world by affecting the world as if they are asking the developers of the bitch.

Bitcoin core is not in one place, but I seem to hear you say it is scattered. After all, who is more likely to have the power of mining and bitcoin if he can not afford it?

Is Bitcoin a decentralized system? On the contrary, it is necessary to think about what will evolve as a central system in which your wealth is governed.
I really do not understand what you mean by yourself, repeating too much content. It is true that bitcoin is in decentralized form and it needs days to concentrate.
full member
Activity: 134
Merit: 100
July 26, 2017, 09:49:33 AM
#28
I think so bitcoin is centralized is the sense that the creator is currently taking care of it, and decentralized in terms of no one or certain fiat that allowed to over ruled the bitcoin on his own , that the power of each account are place in its owner but some of the people are being banned and part of the blocklist are contradicting.
sr. member
Activity: 406
Merit: 256
July 26, 2017, 08:37:12 AM
#27
Perhaps some elements of control are present of bitcoin, but yet it doesn't scare me. If I see that bitcoin is no longer free I sell your coins and begin to use altcoins. I hope the miners understand this and do not will themselves to dig the grave himself.
legendary
Activity: 3024
Merit: 2148
July 26, 2017, 08:36:52 AM
#26
So as you claim that bitcoin is centralized then the transactions are not anonymous anymore?

They never were anonymous, anonymous transaction means that both parts are hidden, for example displayed as "xxx" or "unknown". But in Bitcoin transaction were always pseudonymous - people identities replaced by addresses, kinda like nicknames on a forum, except you can own as many addresses as you want. Both anonymity and pseudonymity serve to achieve privacy, but pseudonymity requires some effort to use correctly, and people often get exposed when they do mistakes.
sr. member
Activity: 462
Merit: 251
July 26, 2017, 08:31:30 AM
#25
It so sad that majority of the bitcoin enthusiast are really worried about this coming August 1st, also those people who got worried about this date are poor in knowledge. However I don't think that bitcoin will become centralize this is totally misleading the community in this industry, though most of the bitcoin haters are happy to see were there are many people right now are being deceived  by this rumors. For me, Bitcoin will be at ease for decentralization not for centralization which can never be happen ever.
full member
Activity: 199
Merit: 128
July 26, 2017, 08:29:18 AM
#24
Bitcoin is decentralized, but will get more centralized if we start using bigger blocks (that will rule out all hobby miners with small internet connections).

sr. member
Activity: 910
Merit: 252
July 26, 2017, 08:20:11 AM
#23
Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks.

its just that at some point in time (for the reasons that i have not yet figured out) people forgot that a change no matter how small and no matter if it is called soft, hard, warm, ... should reach a consensus!

we were on a very good track not so long ago. if you read the SegWit proposal it is well though, well planned, it needs >95% support from miners then it needs node activation and then lock in and all that.

and so far all the changes have been happening like this. with a set % support, then nodes activation and lock in and ....

but this was ignored and forgotten at some point.

however this has nothing to do with "decentralization" bitcoin is still decentralized. it is just filled with people who forgot to educate themselves and came in only to make profit.
GOod work bro its really make sense people not trying to get enough details they are in a hurry of selling or buying for their profit and just seeing as normal stake or share in market. Even i think segwit is well planned
sr. member
Activity: 574
Merit: 250
July 26, 2017, 07:36:25 AM
#22
So as you claim that bitcoin is centralized then the transactions are not anonymous anymore?

Anymore? Of course they are not anonymous. This is old news.
sr. member
Activity: 868
Merit: 266
July 23, 2017, 04:45:29 PM
#21
There is currently rumors going on about on how the Bitcoin system is not as anonymous as we all previously thought it to be, According to the people of Bitmixer they claim that Bitcoin is rather a transparent non-anonymous system by design and have thus stopped rendering their services. They didn't offer any evidence to back up their claims though. Any thoughts.
member
Activity: 70
Merit: 10
July 23, 2017, 04:31:03 PM
#20
Current majority of Bitcoin users supports Core, so it's not a problem if they have some influence.

That is not true, you should refrain from making this statement.

A few thousand users use the free bitcoin desktop client but that does not mean support for Core's reckless actions.
Tens of thousands or more use bitcoin accounts on exchanges or via web wallets so even those desktop users don't mean much.

What there is is a small minority of very loud and generally abusive people who keep misleading, threatening and abusing those who dare to express their valid concerns about Core's behaviour.

I think we do not know the exact picture of what is happening now in the society of miners. Those news that sometimes appear do not bear the truth. We can only wait and hope that bitcoin transformations will pass quickly and imperceptibly. We can say that bitcoin is controlled by miners

In view of the last few years we can only say that bitcoin has been controlled by Core. Miners are a large group in the community, but not in control.

Despite all the misinformation we have been subjected to, in the bigger world of cryptocurrencies and finance, miners are the underdogs.
member
Activity: 92
Merit: 10
🌟 eSports ICO: 01/11/2017 🌟
July 23, 2017, 04:26:47 PM
#19
Current majority of Bitcoin users supports Core, so it's not a problem if they have some influence.

That is not true, you should refrain from making this statement.

A few thousand users use the free bitcoin desktop client but that does not mean support for Core's reckless actions.
Tens of thousands or more use bitcoin accounts on exchanges or via web wallets so even those desktop users don't mean much.

What there is is a small minority of very loud and generally abusive people who keep misleading, threatening and abusing those who dare to express their valid concerns about Core's behaviour.

I think we do not know the exact picture of what is happening now in the society of miners. Those news that sometimes appear do not bear the truth. We can only wait and hope that bitcoin transformations will pass quickly and imperceptibly. We can say that bitcoin is controlled by miners
newbie
Activity: 49
Merit: 0
July 23, 2017, 04:21:40 PM
#18
I feel alone, because people here don't have ideals or, simply, they are dumbs. I though this community could help me to fight, but I was wrong.
I miss 2012 when I started, everybode talking about god Satoshi and their ideals, but, now, money is the god and I am the atheist in middle of this church.

The end contains a very powerful image and sadly what he says is true !  Shocked
newbie
Activity: 36
Merit: 0
July 23, 2017, 04:21:04 PM
#17
Yes, I do not believe it is decentralized. Bitcoin's anarchist days are long gone.
I used to believe that Bitcoin was the gold of the modern age. That is to say, gold is seen today as a means of storing wealth, not as a means of shopping together with the invention of money; Both by people and by central banks.
In modern times, I thought that bitcoin, a digital value based on hash power, could be seen as a means of storing wealth.

But,
A thought: the gold is a certain element in the periodic table. Throughout the ages, people have tried to make gold with alchemy, though technology has not progressed so far. The only way to get gold is mining.

Bitcoin is not. As a result, it continues to be developed by a software and core team. So after they come out, they can say that bitcoin is changed from now on. Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks. Contrary to gold, they can give bitcoin any shape as they wish. Powerful states and corporations, rich people, deep powers, who can control and manipulate the world by affecting the world as if they are asking the developers of the bitch.

Bitcoin core is not in one place, but I seem to hear you say it is scattered. After all, who is more likely to have the power of mining and bitcoin if he can not afford it?

Is Bitcoin a decentralized system? On the contrary, it is necessary to think about what will evolve as a central system in which your wealth is governed.

Bitcoin is the gold, while people already had gold in natural world.

it is likw an advertisement, diamond is forever....but divorces is a by product of diamond too.

decentralised? liberty? outlaw? you name it

each forking is a 100% inflation...while altcoins had already diluted bitcoins

end of the day, it is just a piece of software that trying to create something is bigger than god
member
Activity: 70
Merit: 10
July 23, 2017, 04:18:14 PM
#16
As for centralisation, let us see who invested in Blockstream, the company that employs the people at the top of Core's hierarchy: Axa.

Axa, one of the largest FIRE companies in the world, putting the likes of Goldman Sachs to shame:

Revealed – the capitalist network that runs the world
https://www.newscientist.com/article/mg21228354-500-revealed-the-capitalist-network-that-runs-the-world/

Axa is fourth in the list. As a typical finance company, it is not interested in the level of the currency, but in the amount of economic rent in can extract from the network every year... fees is where the big money is made.

Some decentralisation
legendary
Activity: 2436
Merit: 1362
July 23, 2017, 04:17:33 PM
#15
Yes, I do not believe it is decentralized. Bitcoin's anarchist days are long gone.
I used to believe that Bitcoin was the gold of the modern age. That is to say, gold is seen today as a means of storing wealth, not as a means of shopping together with the invention of money; Both by people and by central banks.
In modern times, I thought that bitcoin, a digital value based on hash power, could be seen as a means of storing wealth.

But,
A thought: the gold is a certain element in the periodic table. Throughout the ages, people have tried to make gold with alchemy, though technology has not progressed so far. The only way to get gold is mining.

Bitcoin is not. As a result, it continues to be developed by a software and core team. So after they come out, they can say that bitcoin is changed from now on. Hard fork, soft fork, segwit 1,2,3,4,5 can do everything. The bitcoin in your hand can also be split into 10 forks. Contrary to gold, they can give bitcoin any shape as they wish. Powerful states and corporations, rich people, deep powers, who can control and manipulate the world by affecting the world as if they are asking the developers of the bitch.

Bitcoin core is not in one place, but I seem to hear you say it is scattered. After all, who is more likely to have the power of mining and bitcoin if he can not afford it?

Is Bitcoin a decentralized system? On the contrary, it is necessary to think about what will evolve as a central system in which your wealth is governed.

I guess you don't understand what "decentralized" means, cryptocurrencies are all about consensus and open source - if you don't like the current network, you can always make your own fork with your own rules and see if other people will like it. Current majority of Bitcoin users supports Core, so it's not a problem if they have some influence. Also, it's not like developers have some master key to Bitcoin, they can't do anything to existing blockchain, no one can, they can only release new versions, and if people will not agree with it, they simply won't use it.

I think this is a good and relevant response, the key bit mentioned is "open source".

Bitcoin is finite, there is going to be only 21,000,000 its not going to be like
centralised ripple for instance where the developers release a block of tokens or coins
whenever they like. This is key.
member
Activity: 70
Merit: 10
July 23, 2017, 04:07:17 PM
#14
Current majority of Bitcoin users supports Core, so it's not a problem if they have some influence.

That is not true, you should refrain from making this statement.

A few thousand users use the free bitcoin desktop client but that does not mean support for Core's reckless actions.
Tens of thousands or more use bitcoin accounts on exchanges or via web wallets so even those desktop users don't mean much.

What there is is a small minority of very loud and generally abusive people who keep misleading, threatening and abusing those who dare to express their valid concerns about Core's behaviour.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
July 23, 2017, 03:35:11 PM
#13
With the Segwit vs Segwit 2x debate, I have come to realize that there's is an attempt to hijack control of bitcoin. To me thats what Aug 1st is all about, POWER. Its really sad that we have come to this. Time will tell which team will come out victorious.

It all began with the scaling debate. Actually, I'm thinking that the scaling issue is just another front that these devs use to cover up their real intentions for bitcoin. These people don't have a fixed income for continuing developments, but they would receive large grants if they gain main control of the development of the coin. The only centralization that I see here is how the development of the coin is going to work. The rest is still decentralized in one form or another.
Pages:
Jump to: