Re:Blockchain Is Not Decentralised
by doggosphere on Wednesday May 05, 2021 @04:13PM
(#27055072)
You may have diminished say in the governance process, but you can vote with your money.
If enough people leave a contentious network, the price falls. If you decide to use another chain, exchanges/wallets/miners become profit incentivized to support those chains.
As a user, I have about as much control over US currency. I can be very vocal, protest, and raise awareness for what I think is correct, but ultimately almost all decisions happen with governing bodies. And in the case of Bitcoin, the governing bodies are the miners and exchanges, which have very different incentives than the users.