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Most cryptocurrencies are controlled by a small number of insiders. Bitcoin's high level of decentralization makes this not the case. Although the increasing centralization of mining, mining pools, and mining hardware is becoming a concern.



So you are saying that literally garbage features like Runes and Ordinals were introduced in the codebase by some voting or other democratic decentralized process? Or was it done by some small cartel of people controlling this system?


Those are unfortunate, IMO. But miners would support those because they increase transaction fee revenue. Hopefully they'll get priced-out of the fee marketplace eventually, either by the network getting more legitimate use (moving money instead of creating NFTs) or by people losing interest in NFTs.




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