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Absolute rubbish -- the only thing centrally controlled will be the generation of new BTC. That eventuality is expected and after all coins are mined then the r
by ihsw 13y ago
Absolute rubbish -- the only thing centrally controlled will be the generation of new BTC. That eventuality is expected and after all coins are mined then the reward will be transaction fees.
Up until then, you are correct -- the rate of new BTC generated will be dominated by the few.
- mbreese 13y agoBut in theory a majority cartel could control which transactions get added to the block chain. You'd be forced to follow their chain. And if you wanted your transaction processed, you'd have to follow their rules. I'm not saying this will happen, but it's possible.