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I'll don't buy this BS about the block chain, when the power to verify it centralizes power in the hands of those that can afford the most computing resources.
by Sven7 11y ago
I'll don't buy this BS about the block chain, when the power to verify it centralizes power in the hands of those that can afford the most computing resources.
- icebraining 11y agoA few notes: Being the people or group who can afford "the most" computing resources is not enough, at least as that expression is commonly used. To make an analogy, Bill Gates is the US citizen with the most wealth, but you'd need to join hundreds or thousands of people to gather 50+%, which is what you need to launch the attach you're mentioning. Also, it's not true that only they would get the power to verify it; everyone can verify the transactions on the blockchain. What they would gain is the ability to double-spend their Bitcoins, and not without getting noticed by the rest of the network.