RE: An Analysis of Chinese Influence on Bitcoin

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An Analysis of Chinese Influence on Bitcoin

in cryptocurrency •  6 years ago 

Thanks for another great show Chris, always informative. Is any crypto currency truly decentralised at the moment??? I feel that the more money that gets involved, the harder it is going to be decentralised. It's great from an idealistic point of view but to achieve it ........ that is going to be interesting!!!!

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That's a good point. Probably not. The internet itself is not really decentralized. We are still in a transition period for crypto adaption. You're right, as more big institutional money comes in, bitcoin and crypto in general will get more centralized before it gets more decentralized.

Decentralisation is not a yes or no. Every crypto has an amount of centralisation and an amount of decentralisation. There are also different types of decentralisation within each crypto. I'm working on a deep dive video to explain this.