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RE: Most Cryptocurrencies are actually Centralized; 3 coins leads the way.

in #bitcoin • 6 years ago

Is it really that decentralized? Steem is dominated by whales ... I mean, they can decide in the end what gets flagged and what goes trending.
But that's the case with most things in life. Bitcoin is also pretty much dominated by the people that got in early.

6 years ago in #bitcoin by
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     6 years ago  

    Most of them are exchanges,lost but yes they're whales/
    The holders don't control the chain nor do Miner nor do Dev nor do full nodes.
    Each control part of the chain in diff ways.
    It the very reason why Bitcoin took so long to upgrade.
    Any scaling is done using that one upgrade segwit which is actually really amazing!

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     6 years ago  

    Each control part of the chain in diff ways.

    Indeed @sames. I love this convo you guys are having here :)

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