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Topic: Is Bitcoin still Decentralized Currency? - page 2. (Read 1525 times)

hero member
Activity: 728
Merit: 500
Of course it is. No one controls it and it can't be destroyed. The concentration of hash rate in one country is something that might need to be addressed in the future but the currency functions just fine. 

I cannot agree. This time "People in that room represented over 50% of the world’s bitcoin miner production". How about next time? 75%?

If "People in that room" make a decision to do short for bitcoin, and they may hold short on exchanges, what can we do?
newbie
Activity: 28
Merit: 0
I read this report on coindesk. http://www.coindesk.com/private-china-meeting-bitcoin-mining-industry-leaders/

This is the question: Is Bitcoin still Decentralized? Or just like some people represent Federal Reserve of Bitcoin? So why merchant accepts Bitcoin and put their money in risk of New Federal Reserve?

PoS, Proof of Stake, has been brought to the world by Peercoin(PPC) almost 2 years. How many people think about this?

What's your opinion?

It absolutely is
member
Activity: 154
Merit: 10
The mining pools are pretty centralized so I wouldn't really say it's decentralized.
sr. member
Activity: 406
Merit: 250
Of course it is. No one controls it and it can't be destroyed. The concentration of hash rate in one country is something that might need to be addressed in the future but the currency functions just fine. 
hero member
Activity: 728
Merit: 500
I read this report on coindesk. http://www.coindesk.com/private-china-meeting-bitcoin-mining-industry-leaders/

This is the question: Is Bitcoin still Decentralized? Or just like some people represent Federal Reserve of Bitcoin? So why merchant accepts Bitcoin and put their money in risk of New Federal Reserve?

PoS, Proof of Stake, has been brought to the world by Peercoin(PPC) almost 2 years. How many people think about this?

What's your opinion?
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