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by matheusmoreira 1626 days ago
No. It is absolutely centralized. To discover who's really in control of bitcoin, all you have to do is propose an upgrade that improves network but reduces miner profits.

This is not an impossible standard nor is it a fallacy. Either it's decentralized or it's not. Either it's fungible or it's not. Bitcoin is neither.

1 comments

Nop, that’s a false dichotomy. As always, it’s a spectrum.