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Topic: Can Bitcoin become a true decentralized currency? - page 3. (Read 459 times)

legendary
Activity: 3668
Merit: 6382
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The whale manipulates its value and is so easily manipulated. Is this decentralization?

1. Bitcoin is decentralized. This means that its network is decentralized. Get offline some miners and everything will run. Get offline some nodes and everything will run. No central point (of failure).
2. Bitcoin price is not related to decentralization. And even though it may be indeed manipulated, the manipulation is far from easy to be done.
legendary
Activity: 1512
Merit: 4795
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No coin can be decentralized like Bitcoin, a coin that its price and value are not controlled by the government or any other central body, the price of bitcoin is only affected by people that uses it as most bought will result to increase in price while most sold will result to decrease in price. It is not also like many altcoins that can be easily manipulated, be it anything you called it, people adopt Bitcoin, that has been what keeps its price increasing ever since it was created up till now and also the future is promising. Bitcoin is not like others cryptocurrencies, Altcoins that have known creators, Bitcoin was created by Satoshi Nakamoto that is completely anonymous, not having any control over the coin like burning, anything that has to be implemented on bitcoin has to be proposed and will be included in BIP. So, I see Bitcoin as a decentralized currency, and indeed it is a decentralized currency.
newbie
Activity: 26
Merit: 1
The whale manipulates its value and is so easily manipulated. Is this decentralization?
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