Sentences with phrase «monopoly over the bitcoin»

Not exact matches

Bitcoin was conceived as an instrument to overcome central - bank monopoly over fiat money and its inflationary fate.

What I think attracts most people to bitcoin is that it challenges the legal monopoly that central banks and governments have over the creation and flows of money.

Since the beginning of the development of Segregated Witness, an increasing number of alternative Bitcoin hard fork supporters have criticized the implementation process of soft forks on Bitcoin Core, claiming that Core developers have a complete monopoly over the process.

Bitmain has a huge monopoly over these devices and thus the processing power that governs the Bitcoin blockchain.

The current situation, where one erratic company in a totalitarian jurisdiction that is very hostile to Bitcoin has near monopoly domination over the manufacturing and distribution of the mining hardware that is required for the security of the global network, is unacceptable to anyone who understands the importance of decentralization to Bitcoin.

Bitcoin is increasingly picking up these bad habits, leaving its users with a feeling of déjà vu harking back to the days when banks held a monopoly over monetary services.