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Re:Thoughts on Bitcoin by sliverstorm on Sunday December 01, 2013 @07:37PM (#6830336)
Honestly, bitcoin is less and less decentralized every day. Nobody runs bitcoin-qt anymore (it's all online wallets and lightweight clients), and mining power is steadily consolidating as the capital-intensive ASICs take over. The more widespread BTC adoption becomes, the more the network will be owned by those with the capital to purchase large quantities of GH/s
Re:Thoughts on Bitcoin by chj on Monday December 02, 2013 @12:36AM (#6831890)
Exactly. Computational power of a few dominates the rest.