Bitcoin Civil War Looms: Centralization Threatens Original Decentralized Vision
May 20, 2024
Approval of Bitcoin ETFs based on the spot market indicates potential conflict in the Bitcoin community.
Michael J. Saylor promotes Bitcoin as a store of value, risking increased centralization.
Reliance on centralized entities like Coinbase contradicts Bitcoin's original decentralized vision.
Bitcoin Core contributors, including Matt Corallo, warn against regulation and centralization.
Maintaining Bitcoin's decentralized nature is crucial for its future success.
Key areas of focus include improving wallet confidentiality, addressing regulatory challenges, and ensuring scalability.
Collective action is essential to preserve Bitcoin's original revolutionary ideals.
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