Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by stephen_g on Thursday March 18, 2021 @12:44AM
(#26499740)
Well, I mean, bitcoin isn't really decentralised... Not just because most of the circulation is held by a small number of accounts, and not just because most mining is heavily concentrated too. The real centralisation is the development of the client software. As long as that team can keep at least 51% of the network on their software, they can change the rules and control things as much as they want. Past experience has shown that trying to fork it doesn't get much traction, so the network remains basically entirely centrally controlled by the official bitcoin client's dev team...
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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by X6S1x6Okd1st on Thursday March 18, 2021 @12:59AM
(#26499808)
That's quite a stretch. There are plenty of things beyond their control, like issuing new bitcoins