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Are you referring to miners? They are neither undetectable, nor exceptionally powerful. They do have an environmental impact, but the bitcoin community believes
by polyomino 8y ago
Are you referring to miners? They are neither undetectable, nor exceptionally powerful. They do have an environmental impact, but the bitcoin community believes the juice is worth the squeeze.
- ubershmekel 8y agoI think the reference was to invisible powers controlling your news, search, social, legislative, and economic institutions.
- KirinDave 8y agoNo. It is possible for miners to collude and get unfair advantages, without even close to 1/3 the hashpower, and without being easily detectable.
- foepys 8y agoI don't know why this is getting downvoted. The current assumption that colluding miners are detectable is absolutely false. There is no way of knowing whether a block comes from a specific mining farm/network as all information about that is forgable by the creator of the block. If you try to mitigate this by controlling who has access, you just eliminated the advantage of being trustless and thus made blockchain an expensive database.
- deleted 8y ago[deleted]
- KirinDave 8y agoPlease go read the selfish mining paper.