RE: Bitcoin isn't decentralized and isn't a democratic system : Just look at today's split issue

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Bitcoin isn't decentralized and isn't a democratic system : Just look at today's split issue

in bitcoin •  8 years ago 

If nobody bothers to mine Bitcoin except for 2 major plagers, how is that not democratic? Majority rules. That is how Bitcoin was designed.

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True, Bitcoin was designed to give power back to people. the thing is how can an individual make a difference in front of those pools ?

Pools were created to mutualise mining power ... Are pools democratic ?

He can't unless he decides so, but that takes efforts and investment (mining equipment). Most people vote with their feet (i.e., don't act but do complain).