ICANN delays .org selloff after California’s attorney general intervenes

Re:ICANN delays .org selloff after California’s attorney gen... by presumably on Friday April 17, 2020 @11:26AM (#22899827)

> As long as a third party central authority controls our money system, we will always be subject to the whims of the few. Bitcoin is helping to liberate us and it’s absolutely working.

A bold claim without evidence. In fact, the opposite may be true [1]. This is but one counterpoint; another notable problem is the centralization of bitcoin mining in China [2].

[1]: https://www.bloomberg.com/news/articles/2017-12-08/the-bitco...

[2]: https://thebitcoinnews.com/study-argues-chinese-mining-centr...

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Re:ICANN delays .org selloff after California’s attorney gen... by rasengan on Friday April 17, 2020 @11:42AM (#22899990)

> A bold claim without evidence. In fact, the opposite may be true [1].

> [1]: https://www.bloomberg.com/news/articles/2017-12-08/the-bitco...

The same can be said about any money system in a capitalist economy (e.g., 1% owns 40% of the wealth in the US [1.1]).

> This is but one counterpoint; another notable problem is the centralization of bitcoin mining in China [2].

I'm not sure this is 'looming' today as the article boldly claims, but centralization is definitely a risk. It's important for everyone to participate in the system as they can for a more equal distribution of ownership - akin to how one should exercise their vote in US elections.

[1.1] https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite...

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