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by dale_glass
1056 days ago
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That's not a whole lot better. Foundry + AntPool alone make more than 51.7% of the hashrate. Next are F2Pool, ViaBTC and Binance with about 10% each. So this "decentralization" requires what, the agreement of 2-5 parties. Realistically, if the pools wanted, BTC core could be replaced because the software is mature and the big pools can trivially hire somebody to work on it if they had a need to. The big exchanges probably also have some say. But guess who doesn't? Anyone else. People running their "full node", or just random joes using the system don't really have a vote. It's a very much top-down system with a few fat cats sitting on the top, and none of them were even elected, and quite a few are effectively anonymous. |
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