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Collusion isn't just possible. It's already been going on for at least two years now. As was said by one pool operator (paraphrasing), "the only people mining a
by superobserver 11y ago
Collusion isn't just possible. It's already been going on for at least two years now. As was said by one pool operator (paraphrasing), "the only people mining are 12 pools".
Bitcoin isn't about distrust. It's about decentralized trust as that is the primary function of the blockchain. Bitcoin as an ecosystem hasn't been about distrust, but decentralized trust, and it has long been moving away from decentralization, which is fundamentally problematic.
- Nursie 11y agoIt's very interesting to watch. In microcosm it demonstrates something I've often thought about libertarian proposals for government-less societies - in fairly short order a class of barons will appear and we're back to feudalism of a sort.