noahneims on Nostr: Explain to me how it can remain decentralized. I understand that nations are creating ...
Explain to me how it can remain decentralized. I understand that nations are creating their own digital currency but how can Bitcoin remain decentralized?
Thinking years down the line (should it ever become the standard) how would someone who has The most Bitcoin not be influential enough in making decisions impacting Bitcoin that benefit them, in wanting to improve their status and position from those with fewer Bitcoin, outside of coercion? Whatever decision that individual makes will take hold because of financial influence over those who would follow orders. They're paying for influence to get their way.
It may not be any nation that makes this happen but someone with enough Bitcoin can eventually control the Bitcoin world.
Centralization seems inevitable.
Thinking years down the line (should it ever become the standard) how would someone who has The most Bitcoin not be influential enough in making decisions impacting Bitcoin that benefit them, in wanting to improve their status and position from those with fewer Bitcoin, outside of coercion? Whatever decision that individual makes will take hold because of financial influence over those who would follow orders. They're paying for influence to get their way.
It may not be any nation that makes this happen but someone with enough Bitcoin can eventually control the Bitcoin world.
Centralization seems inevitable.