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by psyc
3147 days ago
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Bitcoin resists pithy statements about who has the power. Be skeptical of anyone trying to dumb it down to "it's the miners" or "it's the nodes". It's a complicated system of checks and balances, by design, and the fact that all of this was thought through in depth and then proven in practice is the reason we're having this thread today. This essay does a decent job of summarizing the checks and balances: https://medium.com/@twobitidiot/bitcoins-constitutional-cris... |
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