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Topic: If you think bitcoin is centralized and has no future.. - page 2. (Read 233 times)

sr. member
Activity: 606
Merit: 278
06/19/11 17:51 Bought BTC 259684.77 for 0.0101
People who parrot the same arguments over and over are really silly.

Bitcoin is valuable because nobody owns it and it has an incredibly track record of being secure.

>b-b-but bitmain

Yeah, Bitcoin is the most centralized right now than it has ever been. Currently.

As time goes on competitors enter the market and hardware gets better across the board. We're also reaching the point of diminishing returns on hardware for mining Bitcoin with the current algorithm.

If you think 2-5 years is a long time to wait for balance you probably shouldn't be in Bitcoin anyways.
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