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While in theory Bitcoin is decentralized, in practice roughly half of the coins in existence are from a single mining company and 74% of global mining power cur
by Etheryte 8y ago
While in theory Bitcoin is decentralized, in practice roughly half of the coins in existence are from a single mining company and 74% of global mining power currently resides in China, belonging to a handful of owners.
https://bitcoinmagazine.com/articles/report-links-74-bitcoin-mining-china-sees-threat-network/ https://bitcoinmagazine.com/articles/report-links-74-bitcoin...
- colordrops 8y agoYet no one can prevent you from using Bitcoin or take away your coins. Seems the protocol design has been highly successful at keeping the functionality itself decentralized.