According to you, is the increase in Bitcoin adoption a move toward centralization? If Bitcoin becomes a global means of payment and is next to fiat it'll be a kind of centralization. I'm not talking about on-chain centralization of course. What do you think about this?
21 sats \ 0 replies \ @beorange 3 Dec 2023
No, adoption will not create more centralization, they are independent variables. Nevertheless, many people will will opt to have custodial accounts, other will have a mix and others will opt to self-custody of the funds.
The important bits is that bitcoin will always give you the freedom to control your money (if that is what you wish). In a way it works like physical cash/coins, but fit for the digital world.
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0 sats \ 0 replies \ @rafaelasprilla334 3 Dec 2023
I highly doubt that adoption will make Bitcoin centralized. As long as no one can touch my Bitcoin for me it is 100% decentralized
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0 sats \ 0 replies \ @BITC0IN 3 Dec 2023
no.
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0 sats \ 1 reply \ @kilianbuhn 3 Dec 2023
No it is't. Adoption increases the amount of people on the decentralized payment network and decreaces the amount of people in the centralized fiat system
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0 sats \ 0 replies \ @momboteq OP 3 Dec 2023
it is still centralization because a very large number focus on only 1 means of payment instead of using several
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0 sats \ 0 replies \ @luk3 3 Dec 2023
ㅤ
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