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A comment on Libra, 2 Weeks In. Parent comment

Re:Libra, 2 Weeks In by carlosdp on Monday July 08, 2019 @09:49PM (#20388354)
Bitcoin is not more decentralized than Libra today[1]. Libra has 28 members, going to 100. The top 11 bitcoin mining pools control 99% of the hashrate.

[1] https://www.blockchain.com/pools

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Re:Libra, 2 Weeks In by clarkmoody on Monday July 08, 2019 @10:34PM (#20388555)
Pools are groups of miners. If the pool operator starts behaving badly, the constituent miners will point their hashpower elsewhere.
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Re:Libra, 2 Weeks In by b_tterc_p on Monday July 08, 2019 @11:23PM (#20388757)
You forgot a “might” in there.
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Re:Libra, 2 Weeks In by javert on Monday July 08, 2019 @11:18PM (#20388735)
Bitcoin is more decentralized than Facebook's coin no matter what because mining is controlled by an algorithm, rather than being an invite-only club.
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Re:Libra, 2 Weeks In by carlosdp on Monday July 08, 2019 @11:29PM (#20388790)
In theory, sure. In practice, the miner implementations are the ones controlling the chain. The only difference is, I can name the CEOs and leaders of many of the Libra companies, I don't know who the leaders of the mining pools are.
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Re:Libra, 2 Weeks In by javert on Tuesday July 09, 2019 @02:28AM (#20389437)
Miners don't really have much control in the bitcoin ecosystem.

Also, the composition of large miners changes over time and can adjust organically, unlike membership in the Facebook coin cabal.

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Re:Libra, 2 Weeks In by whatshisface on Monday July 08, 2019 @10:22PM (#20388494)
If 100 miners meet at the same country club and follow the same government's laws/nudges that's as decentralized as one.
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