Is Bitcoin ACTUALLY Decentralized?
With the recent big crypto news (the Ethereum merge and the switch to proof of stake), there has already been media coverage of how Ethereum has become even more centralized than it was before…
This has caused ETH fanboys to start criticizing BTC in their never-ending obsession of "the flippening" - where Ethereum overtakes Bitcoin. (Never going to happen, lol).
But, in one such criticism, a prominent crypto and ETH supporter questioned... Is Bitcoin actually as decentralized as we believe it is? Or as some people like to claim, do a handful of parties control Bitcoin (BTC)?
In this video I am going to break it down, explain the argument as to why Bitcoin is centralized, and come to a conclusion that you can verify yourself. Check it out, and maybe consider sending it to your favorite ETH bag-holder.
Enjoy!
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🎥 IN THIS VIDEO: 🎥
00:00 🟧 Introduction / Concerns about Bitcoin Centralization
01:34 🟧 40% is Not Bitcoin Centralization
02:41 🟧 How does a Bitcoin Mining Pool work?
04:12 🟧 Are All These Bitcoin Mining Pool Just One Entity?
09:22 🟧 Conclusion
🔗 LINKS / RESOURCES MENTIONED: 🔗
🟧 Set up your very own Bitcoin Node - checkout Voltage: https://voltage.cloud/
🟧 My previous video on how I see Ethereum: • 💩 Ethereum is Garbage. Here's Why.
🟧 My tutorials playlist on how to run your very own Bitcoin node like a pro: • Run a Bitcoin Full Node
🟧 Have questions? I’d love to share my knowledge. Book a 1-on-1 coaching and consulting with me: https://bitcoinftm.com/coaching-consu...
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