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by Nursie
4072 days ago
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>> The whole reason Bitcoin is interesting is that it's not under the control of a company, group, or government. In reality it's under the control of the lead developers and the people that run the very few large mining pools. As shown by their collusion to fix blockchain forks etc etc. |
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Only because they've done nothing wrong (thus far). If there was any hint of foul play, they would be out.
The people that run the mining pools don't "control" bitcoin to any substantial degree. And, again, if they seriously abused their power, a trivial software fix would be to change the proof-of-work algorithm, instantly obsoleting the miners' equipment.