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RE: Very Disappointed in Bitcoin

in #bitcoin7 years ago (edited)

If Segwit is so bad, why didn't Litecoin get in trouble after implementing it? (it skyrocketed and is still in a bull market and working very well) Your post doesn't make any sense at all. Bitcoin is still by far the most decentralized cryptocurrency, only the mining is becoming centralized.

UASF is the proof that even if decentralization of miners is failing, they are not able to grab control over the network, because Bitcoin is decentralized over multiple layers: miners, developers, exchanges and users.

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It looks like a trojan horse to me, irrelevant of the mining issue, the miners technically have no authority anyway except in relaying transactions.

It's the nodes that I am worried about, 85% is controlled by Core.

Don't get me started on Litecoin, that coin is totally centralized, Charlie Lee is like the dictator of Litecoin, and his brother Bobby Lee owns the biggest Chinese exchange BTCC, I think both in favor of Segwit so talk about centralization.....

So who cares about the miners when the development is tighly controlled, both exchanges, development teams and such.....

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