Topic: How Far Are We From A Fully Decentralize System - page 3. (Read 236 times)
Centralization can happen if there are parties in groups trying to manipulate bitcoin prices, as happened in 2013. They seem to be the ones who control the bitcoin.
But the ironic thing is most of the transactions now occurs in the centralize exchanges.
that is just what you are assuming and have no proof to back your guess up.
is bitcoin used my a lot of investors as a way to make money? yes
are these investors using exchanges to do so? yes
does that make bitcoin centralized? no.
is it the whole usage of bitcoin? obviously not. there is a lot more to it than that. there are millions of dollars being spent on buying different goods from millions of merchants around the world.
When Bitcoin came out first, one of the biggest reason the community endorse it so much is because of the idea of decentralization. But the ironic thing is most of the transactions now occurs in the centralize exchanges. How far are we from a fully decentralize system?
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