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A comment on The digital currencies that matter. Parent comment
> I got the impression that the theory was that the power was the individual. But in practise it's 65% Chinese miners?
Are Chinese miners not individuals? China has the largest population, so it's only natural that it will also have the largest fraction of miners.
A lot of people seem to have a short memory: https://en.m.wikipedia.org/wiki/GHash.io
> I got the impression that the theory was that the power was the individual. But in practise it's 65% Chinese miners?
Are Chinese miners not individuals? China has the largest population, so it's only natural that it will also have the largest fraction of miners.