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Topic: Bitcoin is not decentralized - page 3. (Read 274 times)

legendary
Activity: 2100
Merit: 1321
CoinPoker.com
July 09, 2023, 06:53:31 AM
#2
In short decentralization for bitcoin is like anonymity for mixers you just add another layer of security for investments but this doesn't mean that mixers don't record your data like chipmixer did, and also it doesn't mean that bitcoin is 100% decentralized as you saw it just needs huge power to have it ruined and that is a good reason to use it
Are you that hater? No ones gonna believed you just because you pointed out some issues. If hacked coins were compromised, the issuer of bitcoin cant do anything about it due to decentralization. Means they cant change or alter the effects of it. Just because some third party getting headlines or got some problem with their bitcoin holding doesnt mean its bitcoin fault. No one can conyrol the outcome of each holdings of everyone only but yourself.
member
Activity: 182
Merit: 35
STRAIGHT FORWARD
July 09, 2023, 05:38:09 AM
#1
Yes, bitcoin is not decentralized.

1- as you may have seen binance was about to ruin the whole crypto market in 2019 when they wanted to reorg blocks to recover a hacked 7,000 bitcoins.

2- a lot of people's worried about foundry market share in the mining space as it threats bitcoin security and partial decentralization

And there is many other points

In short decentralization for bitcoin is like anonymity for mixers you just add another layer of security for investments but this doesn't mean that mixers don't record your data like chipmixer did, and also it doesn't mean that bitcoin is 100% decentralized as you saw it just needs huge power to have it ruined and that is a good reason to use it

Thanks
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