3 ms·
And we already can seen bitcoin mining pools in China that collectively approach or exceed 50%. It's almost impossible to avoid concentration of power in any s
by Crespyl 10y ago
And we already can seen bitcoin mining pools in China that collectively approach or exceed 50%. It's almost impossible to avoid concentration of power in any system that provides value to power-holders.
- spacehacker 10y agoIndeed, the most powerful agents do not have any correction signals to fear from above. They can rather impose rules on the system themselves. One can only avoid such dynamics by empathy (which is a very weak guarantee) or by making the government being controlled by the people and stronger than the most powerful players (which is democracy).