What makes bitcoin decentralized?

What makes bitcoin decentralized?

I want to understand the defense mechanism of the Bitcoin price control?

A rich company can buy a large portion of Bitcoins from different people in different exchanges. Then they can hold on to those Bitcoins, essentially becoming a controller of the Bitcoin economy. A large number of companies can start doing that.

If that becomes the case, then will Bitcoin still be decentralized? Those companies with their fare share of the Bitcoins, can control the price or any other aspect of the economy.

http://ift.tt/2BF5451

Comments

Popular posts from this blog

Antminer D3 Blissz Modified Firmware For Improved Performance

ETH To The Moon / Bank of England Cryptocurrency? / BTC Dominance / More (The Crypt0 Minute)