I agree that as more money comes into Bitcoin it would become less and less Decentralized
Bitcoin mining is no longer done in personal computers and can only be done in huge ASIC mining farms
Miners invest on more and more and demand more say in the how Bitcoin is managed
So to would be the businesses that support bitcoin like the exchanges and shops accept Bitcoin
There a need for someone who give direction.
The stalemate with SEGWIT has shown the old way will only impede progress
I'm a afraid this is the price of its success
It is like a small community enterprise that has become big corporation. It can no longer be run the same was
But I don't believe the community is powerless. We buy the coins and we are the ones who choose to use it.And we can switch coin if we want to.
I think that is what broke the stalemate. As there was no progress on the SEGWIT, the threat of the block chain split and the growing popularity of Ether,people begun to switch to other alt coins
Bitcoin governance might become a more centralized but it cannot stray away from the wishes majority of the community
We just need to find a way to make our voices heard better
Yes people may have seen money going into more altcoins and decided enough was enough.
I think Litecoin is one solution as its algorithm makes its harder for concentrated mining pools
Also as shown with the SEGWIT, they were able to decide faster to implement SEGWIT
Also return of Litecoin's founder would give it some leadership
https://news.bitcoin.com/charlie-lee-resigns-from-coinbase-to-focus-on-litecoin/
Yeah, Bitcoin would be more like a precious commodity and Litecoin would be most likely used as a casual day to day transaction coin. Now Litecoin is a sleeping giant especially when it's creator wants it back on track after segwit activation. Speculation could take it to somewhere near 15k to 25k USD when Bitcoin would be on its peak. Hope for the best.
Yes, hoping Litecoin gets back some back some of the thunder the ETH stole from it when it was overtaken as 2nd most popular crytocurrency
True, though Litecoin was just sitting there as a duplicate coin. It has no application rather than just being a currency which was completely inherited from Bitcoin. On the other hand Ethereum is a platform in itself, it had to steal the show as it was unique as compared to any of its competition. Though BTC / LTC and ETH will remain dominant in cryto space.
That was before. Now it has implemented SEGWIT and lightning network, it is a better coin. Market seems to agree as Litecoin holds steady at $45 while Bitcoin and ETH fell way lower
time to move to Litecoin