3 ms·
I was expecting/hoping for analysis, but it's more like an anniversary press release touting a bunch of success without reference and ignoring anything negative
by gooseus 8y ago
I was expecting/hoping for analysis, but it's more like an anniversary press release touting a bunch of success without reference and ignoring anything negative.
> For ten years, the world has known a decentralized source of truth. At all prior times in human history, we relied on centralized third parties to establish trust.
This is your periodic reminder that >51% of the mining is currently controlled by 5 large mining companies based out of China[0]. If you think these companies not entirely beholden to the non-democratic, highly centralized, Chinese government (or that this is a non-issue) then I'd really like to hear that argument.
I must admit I was surprised to see that 20.1% of mining is currently "Unknown", which was not the case last I checked.
[0] https://www.blockchain.com/en/pools https://www.blockchain.com/en/pools
- gammateam 8y agoSince “Unknown” in that graph are just IP addresses that havent bragged about who they are So its good people are chomping at the Chinese mining pools
- smokeyj 8y ago> or that this is a non-issue I'd argue non-issue. Attack vectors could be to attempt a double spend (not worth it) or confirming empty blocks (why?).