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Good points, but he’s still right. For all the talk of Bitcoin being decentralized there are a dozen people or so that could destroy the whole system if they s

Good points, but he’s still right. For all the talk of Bitcoin being decentralized there are a dozen people or so that could destroy the whole system if they so chose to. Overtly or covertly. Despite my feelings about governments specific actions, and the bank system, not even the President or the Fed or Congress could do that as quickly with the dollar.... although sometimes you would think they are trying.

kobalsky 6y ago
> there are a dozen people or so that could destroy the whole system if they so chose to there's powerful people that can destroy industries and countries, so that point is moot. there's no much point in debating wether there's someone with the power to drop a nuke, or the economic equivalent, on your head. are you talking about devs and miners? explain yourself.
capableweb 6y ago
> there are a dozen people or so that could destroy the whole system if they so chose to. Overtly or covertly How so? According to https://www.blockchain.com/charts/pools https://www.blockchain.com/charts/pools, it would be no easy feat to start controlling more than half of the current network. Even if some of the pools got together. And if you launch such an attack, it would be easy to notice what's going on. But if you do have some idea on how the network could be overtaken by a "dozen people or so", please do tell as you have some unique insight.