Ossification of Bitcoin
— Since early 2018, Commodities, Leading, Bitcoin — 1 min read
Bitcoin’s value has fluctuated over the last few years, but it is still a relatively new asset and markets are still trying to determine its fair value. In the future, Bitcoin could become more ossified and impact its value. It could lead to more people hoarding bitcoins and fewer people using them for transactions. We believe that the only way to address this problem is to decentralize the Bitcoin network's control and give back power to the users and developers of the Bitcoin community as a whole. We are concerned that a small group of insiders control an ever-increasing share of Bitcoin hash rate. We also believe that this could make Bitcoin less useful as a tool for everyday transactions and make it less relevant as an investment tool. Source