4 ms·
Bitcoin mining has also been centralised since about 2014 - three entities are known to control >50% of all mining, and there's no way of knowing how many of th
by davidgerard 5y ago
Bitcoin mining has also been centralised since about 2014 - three entities are known to control >50% of all mining, and there's no way of knowing how many of the other mining entities they have effective control over.
"Decentralised" is a phantasm.
- miracle2k 5y agoYes, similar to how the US presidential election is centrally controlled because only 51 entities are voting.