Is Bitcoin a Decentralized Currency?

Rein - Decentralized Labor Market

Rein is an experiment in decentralized labor that combines Bitcoin multisig escrow, digital signatures, and an internet-like microhosting model to build an uncensorable labor market.
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin industry leaders! Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever.
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Bitcoin Cash: Peer-to-Peer Electronic Cash (BCH)

Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
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Can someone explain to me how can Bitcoin be decentralized if 95.94% of Bitcoins is held by 3.19% of the wallets? Not to mention the mining centralization.

submitted by Aztiel to Bitcoin [link] [comments]

How can Bitcoin be decentralized when one guy seems to control Bitcoin (Jihan Wu)?

Also, a big flaw with bitcoin seems to be that miners will be motivated by whatever gets them the most money via transaction fees. How can that greedy incentive be mitigated?
submitted by b0302 to Bitcoin [link] [comments]

Can someone explain to me how can Bitcoin be decentralized if 95.94% of Bitcoins is held by 3.19% of the wallets? Not to mention the mining centralization. /r/Bitcoin

Can someone explain to me how can Bitcoin be decentralized if 95.94% of Bitcoins is held by 3.19% of the wallets? Not to mention the mining centralization. /Bitcoin submitted by SimilarAdvantage to BitcoinAll [link] [comments]

How can Bitcoin be decentralized when one guy seems to control Bitcoin (Jihan Wu)? /r/Bitcoin

How can Bitcoin be decentralized when one guy seems to control Bitcoin (Jihan Wu)? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

It's in the best interest of centralized exchanges to keep Bitcoin a poorly developed protocol with expensive fees. So it would be practically impossible to trade it with decentralized exchanges or atomic swaps.

https://twitter.com/p0okestatus/1281929433276796931?s=21
submitted by MemoryDealers to btc [link] [comments]

Would it be possible to have Bitcoin in the 80s or in the 90s? If so, how would wallets work? Would it truly be decentralized? Would it even be possible? I'd love to hear your opinions!

Would it be possible to have Bitcoin in the 80s or in the 90s? If so, how would wallets work? Would it truly be decentralized? Would it even be possible? I'd love to hear your opinions! submitted by OneMoreJuan to Bitcoin [link] [comments]

“The ridiculous notion of 'must have 100% decentralization. Must be able to run 1MB blocks on Raspberry Pi nodes, on laptops built in 1990, so that we can have 100% decentralization — Oh, but we can only do 4 transactions per second' and yes, I’m talking about Bitcoin.”

“The ridiculous notion of 'must have 100% decentralization. Must be able to run 1MB blocks on Raspberry Pi nodes, on laptops built in 1990, so that we can have 100% decentralization — Oh, but we can only do 4 transactions per second' and yes, I’m talking about Bitcoin.” submitted by ColinTalksCrypto to btc [link] [comments]

If Society Becomes Completely Cashless, Bitcoin And Other Decentralized Cryptocurrencies Will Be The Only Form Of Money Outside Of The Government’s Control, And Therefore Will Be The Last Bastion Of Financial Freedom And Incredibly Valuable

If Society Becomes Completely Cashless, Bitcoin And Other Decentralized Cryptocurrencies Will Be The Only Form Of Money Outside Of The Government’s Control, And Therefore Will Be The Last Bastion Of Financial Freedom And Incredibly Valuable submitted by turtlecane to Bitcoin [link] [comments]

We are excited to be the first coin after Bitcoin to be added as a funding option to the Particl Decentralized Marketplace!

We are excited to be the first coin after Bitcoin to be added as a funding option to the Particl Decentralized Marketplace!

https://preview.redd.it/zcf7bjhp29951.png?width=1200&format=png&auto=webp&s=b6fbed878f455747ab477e539bcdfa6d8421b666
Particl is an autonomous and decentralized marketplace protocol that allows people to safely and privately buy and sell anything online without requiring any third-party to be involved
https://zcoin.io/zcoin-listed-on-particl-decentralized-marketplace
submitted by Muggles_XZC to zcoin [link] [comments]

Cardano Set to Be Officially 100 times Decentralized than Bitcoin. What will Happen to ADA?

Cardano Set to Be Officially 100 times Decentralized than Bitcoin. What will Happen to ADA? submitted by CoinjoyAssistant to CardanoCoin [link] [comments]

Cardano Set to Be Officially 100 times Decentralized than Bitcoin. What will Happen to ADA?

Cardano Set to Be Officially 100 times Decentralized than Bitcoin. What will Happen to ADA? submitted by CoinjoyAssistant to CardanoMarkets [link] [comments]

Cardano Set to Be Officially 100 times Decentralized than Bitcoin. What will Happen to ADA?

Cardano Set to Be Officially 100 times Decentralized than Bitcoin. What will Happen to ADA? submitted by CoinjoyAssistant to thecardanoeffect [link] [comments]

Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing

submitted by a36 to AllThingsCrypto [link] [comments]

Is Bitcoin still limited to slow transactions? And one other question about devs

Wanted to ask a couple questions. Im not super well versed in Bitcoin I just happened to be there when they first were released and have kept a mild interest ever since.
A few years back I remember talk of transaction times being so long. This was causing a divide over what to do. If Im not mistaken, the fork took place and Bitcoin Cash was formed.
But Bitcoin Core is still the main currency. Is it still limited in block size? Did anything change? If it did, why does Bitcoin Cash exist?
Second question:
As much as everyone talks about Bitcoin being decentralized and run by no one, There is a group of people who continue to develop it. I understand it is a super select group of people. But what if they decided to fuck it up? Or do any other sort of shady thing? Does anything prevent them from doing that? Do they have access to anything of actual value they could steal or alter to profit themselves?
Could they mess with the blockchain or anything like that?
From what I understand, for undisclosed reasons, one of the main old school devs has has his permissions removed. No one is perfect and greed rots everyone. So I have always wondered about this
submitted by AyyyyyLAmAO to Bitcoin [link] [comments]

Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing

Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing submitted by Ranzware to BitNewsLive [link] [comments]

07-09 10:55 - 'Agree, there are tons of projects in the DeFi space, lots of people want a piece of this. It will be interesting to see how the centralization/decentralization status pans out. Would people accept a bit of centraliz...' by /u/UniverseCatalyzed removed from /r/Bitcoin within 906-916min

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Agree, there are tons of projects in the DeFi space, lots of people want a piece of this. It will be interesting to see how the centralization/decentralization status pans out. Would people accept a bit of centralization in exchange for better returns? Or would that be entirely unacceptable by the community.
Lots of unanswered questions in DeFi still.
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Author: UniverseCatalyzed
submitted by removalbot to removalbot [link] [comments]

Is DeFi Going to be Bigger than Bitcoin?? DeFi May Be the Greatest Opportunity in Crypto. Gold (BTC's target sector) is only *0.8%* of all DeFi addressable market size. Decentralized Finance is sweeping the crypto space with innovation. How does this compare with simple money transfer of Bitcoin?

Is DeFi Going to be Bigger than Bitcoin?? DeFi May Be the Greatest Opportunity in Crypto. Gold (BTC's target sector) is only *0.8%* of all DeFi addressable market size. Decentralized Finance is sweeping the crypto space with innovation. How does this compare with simple money transfer of Bitcoin? submitted by ColinTalksCrypto to CryptoCurrency [link] [comments]

If you truly believe in crypto, why are you selling?

Has anything fundamentally changed in the last 6 months? No? Then wtf are you doing exactly?
Bitcoin being decentralized is the most controlled by centralized institutions with news. Think about that. Thanks.
submitted by HitWithTheWOWeffect to Bitcoin [link] [comments]

“The ridiculous notion of 'must have 100% decentralization. Must be able to run 1MB blocks on Raspberry Pi nodes, on laptops built in 1990, so that we can have 100% decentralization — Oh, but we can only do 4 transactions per second' and yes, I’m talking about Bitcoin.”

“The ridiculous notion of 'must have 100% decentralization. Must be able to run 1MB blocks on Raspberry Pi nodes, on laptops built in 1990, so that we can have 100% decentralization — Oh, but we can only do 4 transactions per second' and yes, I’m talking about Bitcoin.” submitted by ColinTalksCrypto to Bitcoincash [link] [comments]

Subscribed and banned within the hour @ /bitcoincashsv

I posted the following seeking discussion and was promptly told I was a liar and then banned.
BCHSV is the most centralized crypto that I know of. Now, didn't Satoshi say something about Bitcoin being decentralized??? This farce called Satoshis vision is all about making huge profits from centralized mining and nothing else. Of course they need adoption to drive up the mining profits, so that's why they are so passionate about 'adoption'
I freely admit the post was controversial and perhaps antagonistic but I saw many posts that complained about /btc banning people posting pro bitcoincashSV posts so I thought perhaps my post would be tolerated and I could engage in a little rigorous discussion over the issue. No.
Clearly that sub has moderators that are hypocrites.
I see so many posts there complaining about censorship in the /btc sub and yet they are censoring posts themselves.
Seem they cannot handle anything but positive comments and posts, so censorship is clearly alive and well at /bitcoincashsv
submitted by PotentialTie2 to btc [link] [comments]

"Newbie guide" on front page of /r/Bitcoin with MASSIVE amount of anti-BCH FUD and complete gloss-over of all negative points of BTC - unbelievably sleazy

I won't link it because of brigading, but right now it's in the top 10 on /Bitcoin hot and begins with "For all the newbies here."
Here are some direct quotes:
....(the real Bitcoin, not Bcash) [in reference to buying]
Implying that Core is the "real" Bitcoin substantiated by nothing but its age and price. If we went off of how much of the whitepaper the different coins fulfill instead, which is a more important metric, BCH or even one of the shitforks like BCD come out far ahead.
Stick to the real Bitcoin through all the 'forks' and 'splits' that accomplish nothing but new mediocre, unsafe and centralized altcoins
This is probably the most insidious sentence in the whole writeup. The entire idea of Bitcoin being decentralized and open-source is that, if the "main" coin gets fucked or the dev team becomes corrupt, we can just hard fork to fix it - this is implying that hard forks inherently cannot be successful and that Core will always and forever be the "real" Bitcoin.
We got to where we are with centralized banking because the banks spread massive FUD against anything that challenges them, on nothing but the premise that it's new and different and thus automatically worse than their great selves, which have existed for centuries and fucked up for just as long. I'm seeing a LOT of parallels with Core in its present state.
Furthermore, this sentence makes full implicit usage of all the shitforks like BTG and BCD that have been created with skeleton code and designed intentionally to fail, by lumping BCH (an actual attempt at a fork that makes serious improvements) in with them. In fact, one of the graphics included in the post even implies that BTG is somehow better than BCH, despite processing far fewer transactions, having a much smaller community and MUCH smaller dev base, and being documented nowhere near as extensively. This is likely just because it sticks to 1MB blocks with Segwit, which obviously means more stability and full nodes, which are completely necessary under the intended design model (/s).
Bitcoin is a Moneybadger that get's [sic] stronger and immunized with every new attack [includes graphic that depicts BCH as one of the supposed 'attacks']
I can't see how BTC is getting "stronger" except by price. Adoption is dropping for the first time in recorded history and there are no Core-backed scaling solutions set to be implemented for at least another year. BTC is completely impractical for any transaction under at least a few hundred dollars (recently, there was a post on the FP of here where someone paid a twelve dollar fee and still didn't get his tx confirmed in time). And if there's no organic interest in the concept itself, the price can only go up if more and more people buy into it, i.e. a massive decentralized Ponzi - so even the price isn't really getting "stronger," it's just going up.
The portrayal of BCH as an "attack" is flawed - going back to the concept of decentralization and open sourcing, if something is wrong with the main chain, we fix it with a hard fork. That's not an "attack," that's an attempt to repair Bitcoin and restore it to its original, usable, organically growing state. Besides, in order for it to really be an "attack," we would have to wish wrong on Core holders and supporters, which we don't (except those that actively damage and attack Cash supporters themselves). BCH does make Bitcoin stronger, but by repairing flaws in the concept, not by providing a supposed "attack" for Core supporters to rally against.
Stay away from fake "Bitcoin" stuff like "btc", "Bitcoin".com (Bitcoin.org is the legit site), Bcash ("Bitcoin" Cash/BCH)...
More repetition that Core is always going to be the "real" Bitcoin no matter how bad it fucks up and how far it goes from the original concept, just because it was first and its price is highest, and condemnation of anything that isn't Core just because, well, it's not Core. This attempt to drive people away from anything outside of the sanctioned Core sources is particularly insidious because any unbiased reader that takes five minutes on this sub or on Bitcoin.com will notice that Core is completely fucked and Cash is a better implementation of the policy. When you don't have strength in concept, all you can do is maintain your strength in numbers by obsessively keeping your supporters away from anything that would tell them the truth, or just discrediting those sources as hard as possible with massive FUD. Again, giant decentralized Ponzi.
Now here's some of the stuff the post DOESN'T talk about.
In conclusion:
This post is honestly sad because a lot of it is valid points and information and it could have been a very good piece of writing if the author had taken a bipartisan stance by leaving the pro-Core FUD out and taking a bit to talk about Bitcoin's intended use case and some downsides. The universal positivity and bullishness is scary - no one in their right mind would tell you to ignore all negative news about something or blindly stay away from any groups involved with the same concept that don't parrot what the primary group is saying. Single party dictatorship much?
This is why we need to grow our subscriber base and media/trading/transaction presence as fast as possible. At present, it's easy enough for someone who reads a post like this to blindly trust the information and avoid BCH and all sources pertinent to it, because after all we do have a smaller community presence, we process less volume and fewer merchants accept us. But if even half of the places that currently took BTC would take BCH, it would be almost impossible for any casual BTC user to ignore us completely (especially considering we're objectively a much better choice for both seller and buyer). Same goes for articles written on BTC vs. articles written on BCH (that aren't just Core FUD), and trading websites with BTC pairs vs. trading websites with BCH pairs.
We can defeat this kind of thing and move towards nonpartisan Bitcoin news, but it's going to be a long way, and obviously this community is not innocent of anything. In our fervor to grow BCH, we can easily ignore negative things about BCH or positive things about BTC to further our own interests, which is something humans are inherently guilty of but that we can obviously take steps to avoid. And just the fact that we realize this and we're not censored in any major way already puts us ahead of /Bitcoin.
Thank you for reading, if you got this far. Criticism, corrections, or discussion on the post is obviously welcomed.
EDIT: Happy cakeday to me!
submitted by iAmAddicted2R_ddit to btc [link] [comments]

Decentralized Finance (DeFi): Jihan Wu on "Do you think Bitcoin Cash should take more bold steps towards upgrading the protocol to be more DeFi friendly?"

Decentralized Finance (DeFi): Jihan Wu on submitted by Egon_1 to btc [link] [comments]

Lecture 2 — How Bitcoin Achieves Decentralization What Is Bitcoin? What is a DAC (Decentralized Autonomous Company)? HD The Main Principles Of 12 Best Cryptocurrencies for Long-Term Investment [2020 Indicators on Investing in Cryptocurrencies - Cryptocurrency Market News You Need To Know

The bitcoin bulls are back in town. The price of bitcoin surged today by $1,268.19, reaching a six-month high of $11,203.90, or a one-day gain of 12.73%. It’s another indication of the The story of stablecoins has been extraordinary in 2020. After the collapse in March 2020, the rate at which Tether has exploded in terms of issuance and market Despite being created over ten years ago, Bitcoin is still riddled with confusion and uncertainty. a place to start would be finding a way to trade bitcoin on a decentralized exchange to avoid Decentralized systems can function without a third party to manage them. A centralized system is controlled by a central authority such as an exchange owner. Centralized systems are also in danger of being shut down by governments if they don’t play following the rules, but that’s much harder to do in a decentralized environment. Advantages and Disadvantages of Decentralized Blockchains. Ever since Bitcoin was invented in 2009 by its mysterious creator, Satoshi Nakamoto, blockchain technology has been steadily growing in popularity, with ever-growing use-cases. However, despite the rise in popularity of blockchain tech, some people still question whether or not decentralized blockchains are a good idea.

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Lecture 2 — How Bitcoin Achieves Decentralization

Hoskinson: Cardano’s PoS more secure and decentralized than Bitcoin. Report: Investors Are Dumping Compound Token as Soon as It Gets Listed. Donate Here to support the channel! Crypto.com ... Bitcoin has not just been a trendsetter, introducing a wave of cryptocurrencies developed on a decentralized peer-to-peer network, it's ended up being the de facto standard for cryptocurrencies ... Microsoft with Bitcoin is 1st to develop “decentralized or given to users” which is a first RobDC Entertain Learn And Share. Loading... Unsubscribe from RobDC Entertain Learn And Share? Most cryptocurrencies are known for being decentralized, which means that they have no central authority regulating their ownership, issuance, value and circulation. ... A Peer-to-Peer Electronic ... To understand the importance of Bitcoin being decentralized one needs to look at ERC-20 tokens like Soarcoin. A funny look back at 1995 and the dawn of the internet. Some Bgold news. Maximo talks ...

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