Thread - Nostr Hypermedia

Patently false. Bitcoin is extremely centralized due to custodial holdings, KYC chokepoints, centralized ASIC mining, HODL culture demonizing p2p cash usage, and a weak node running culture. Monero is easily one of the most decentralized cryptocurrencies due to ASIC resistant mining, broad delistings, and a strong culture of p2p utilization. You don't know this because you max out in Bitcoin maxi podcasts all day. Centralization isn't a number you can point to. It requires a holistic view of all the centralization forces, and Bitcoin is becoming extremely centralized in many of these areas.

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Replies (3)

🇮🇹Davide btc ⚡ asyscom@sats.mobi 1 month ago

Bitcoin's decentralization is not a binary value, but a multifaceted reality you refuse to acknowledge.

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cheesypleb 1 month ago

Is that why Monero suffered a 51% attack as recently as last year?

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Daedalus _@daedalus.website 1 month ago

It was a 37% selfish mining attack. It was not a 51% attack. Bitcoin is susceptible to the same attack as are all proof of work chains. The selfish mining attack just resulted in non consensus damaging reorganizations. Stop reading FUD headlines and do your research.