Tuesday, March 24, 2020

bitcoin evolution app reddit

This is Bitcoin evolution! Dev teams need to be diversified.

In 2013 we had centralization of exchanges market. 70% of all bitcoin trades were done at MtGox.
Today we have: Bitstamp, Kraken, Bitfinex, Poloniex, GDAX, BTC-e and many more... with largest taking max about 15% of volume.
In 2014 we had centralization of mining market (pool centralization): 50% of hash power was controlled by GHash, today we have Antpool, F2Pool, BTCC, BW.COM, ViaBTC, Bitfury, Slush with largest taking 18%.


That is exactly what small blockers vocal about, that changes to make in bitcoin are difficult (vocal against hard fork and pro-soft fork). A number of independent development teams will make it even harder, as no single small group could push changes to the market, which they want. Even though they pretend that market can decide about it, but the truth is that today they artificially created a situation when segwit is the most advanced solution as of this moment, although is very controversial by itself (e.g. new economic variable of segwit transactions 75% discount). Only market in general can decide what the best way to follow, and for it to decide objectively there should be different solutions available developed by different development teams.

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