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by sytelus
1472 days ago
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It is not about brain power but the computing power. The biggest fallacy with crypto is that combined computing power owned by general public is more than few powerful entities. This has never hold true in the history of humanity. The 1% of people owns 80% of the computing resources. So there is no "decetralized" or "distributed" authority. For instance, US or Chises government can put togather more GPUs than the rest of the public combined any day perform 51% attack on any crypto. The reason for this lies in tax arrangement in physical world. No matter what people earn, government is taking away a big chunk from them and thus always can have majority resources than rest of the public combined. |
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