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RE: Is Bitcoin Governance Truly Decentralised? Should It Be?

in #bitcoin7 years ago

With big businesses such as the banks, Microsoft, and IBM starting to spend more time on developing off the Blockchain it seems like we run the risk of moving to a more centralized world for crypto. These businesses won't be willing to leave the power of their networks in the hands of the many, and will likely also be interested in making sure there is a base level of mining support for their networks. This will push development forward, but it may come at the expense of some of the current freedom.

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The risk exists in all PoW coins... but here in Steem the software is not PoW... Dan thought about these issues from the start when he designed Graphene....