Don't assume things and then state them as fact.
Where exactly did I state them as fact ..............? once again you people read what you want to read ! .... so lame
I was thinking today, with the way the total hashing power of the network is growing exponentially, what was once a "decentralised" currency is now becoming ever more centralised....hence the irony...!
... the irony...Why is the network not decentralized now? Anyone can buy an ASIC miner, thousands of such units will replace thousands of GPUs.
Is it the price? So what, more people know about bitcoin, existing miners might be richer, more chances of bigger budgets to keep the same individual number of miners.
Is it the co-location in mining farms? Each miner can be pointed to a different pool if needed, some miners are even split across different beneficiaries, each having this option.
Is it the mining pools? Hasn't this been the case for like always? Deepbit was the scare, now it's btcguild. If you're worried, promote a free fee p2pool node.
So why exactly is bitcoin centralized? Is it because you can't afford an ASIC miner?
