Slowly but surely, the bitcoin being acclaimed for its lack of centrality is mutating. Powered by expensive ASICs, mining pools have enormous hashing power and this leads to serious concern over concentrated influence. The smaller entities are pushed out by regulatory pressures in favour of established players. The idea of core development teams is that they have a great deal of power within the system and this can be conflicted to the decentralized concept used for bitcoin. In light of fast changing landscape, Bitcoins future hinges on careful balancing of innovativeness, decentralisation as well as adherence to existing laws.