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Re:Is the Bitcoin network an oligarchy? by hudon on Saturday July 07, 2018 @12:59AM (#17477101)
Hi Craig, I'm sure you know that it only takes 1 or 2 Chinese Bitcoin mining pool CEOs to get more than 51% of the network's hash rate [0]. Mining hasn't been decentralized since 2013 unless your definition of "decentralized" is just "not 1 entity" and so "2 entities" qualifies as decentralized... how is that useful?

[0] https://www.ccn.com/bitmains-mining-pools-now-control-nearly...

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