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Bitcoin is more decentralized than Facebook's coin no matter what because mining is controlled by an algorithm, rather than being an invite-only club.
by javert 7y ago
Bitcoin is more decentralized than Facebook's coin no matter what because mining is controlled by an algorithm, rather than being an invite-only club.
- carlosdp 7y agoIn theory, sure. In practice, the miner implementations are the ones controlling the chain. The only difference is, I can name the CEOs and leaders of many of the Libra companies, I don't know who the leaders of the mining pools are.
- javert 7y agoMiners don't really have much control in the bitcoin ecosystem. Also, the composition of large miners changes over time and can adjust organically, unlike membership in the Facebook coin cabal.