Bitcoin Mining in China is 30 Times Cheaper even in a Bear Market

Theoretically, cryptocurrencies as Bitcoin or Bitcoin Cash for example are meant to be decentralized in line with the dictates of blockchain. But, apparently, this has not been the case.

Decentralization in crypto is a myth. It is a system more centralized than North Korea: miners are centralized, exchanges are centralized, developers are centralized dictators (Buterin is “dictator for life” ) & the Gini inequality coefficient of bitcoin is worse than North Korea

— Nouriel Roubini (@Nouriel) October 8, 2018

A NYC Professor Nouriel Roubini is of the opinion that crypto investors are in for one big ride and that decentralization is a myth. He gave example of Vitalik whom he says is a “developer dictator for life”, and exchanges, multi-billion dollar mining companies that are offering services but ironically operate under centralization.

Undeniably, ASIC mining and blockchain figure heads as Vitalik, Roger Ver and Dan Larimer for example are movers and shakers in the space….