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    Author Topic: So who the hell is still supporting BU?  (Read 29840 times)
    RealBitcoin
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    February 05, 2017, 12:02:40 AM
     #181

    Yes but look back before 2013 when everyone was their own pool, when people used to mine with CPU or GPU.
    You're mistaken here. I've been writing mining software and mining since June 2011 and virtually everyone was mining on a pool back then. If you want to use that argument you need to go back to 2010 or earlier... basically before bitcoin became popular at all.

    Ok I did now know the exact date, I've been here only since ~ 2013/ 2014, i have no idea what went on before that, but from what I know, and what I have read from the forum and other information. That was not the point, the point is that centralization does happen.

    It happens, even in a supposedly decentralized project like Bitcoin.

    Ok Gox was the first exchange, it went south, and then new ones appeared. Well, this is not an argument for decentralization. Multiple exchanged would have opened either way, it was just that Gox was the first, they were the opportunists.

    And some new exchanges have opened up in 2014, and 2015, but hardly any new ones since that, and certain ones have already gone south (Cryptsy, and others), while others got hacked, while others were shut down due to regulatory pressure.

    I belive most of them will go away by 2018, and we will be left with a handful of them, that will be fully regulated, and everything else will go away.


    So we will or already have:
    • Centralized Exchanges
    • Centralized Wallet providers : Blockchain has 11mil , Coinbase 5 mil ,  so how many people actually use self wallets like electrum or multibit?
    https://blockchain.info/charts/my-wallet-n-users
    https://www.reddit.com/r/Bitcoin/comments/5gs2vy/coinbase_hits_5_million_users/
    • Centralized Mining: I shouldn't even detail this, you know exactly how centralized it is.
    • Node count falling
    • Handful of media outlets that are owned by a handful of people

    So what is exactly so decentralized about Bitcoin? Not much left.

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