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A comment on The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for Years. Parent comment

Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by can16358p on Monday May 01, 2023 @11:01PM (#35782783)
I believe proof of work is terrible environmentally speaking.

But what it brings (decentralization) is well worth all the negative sides anyway.

[ Parent | on HN ]
Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by kibwen on Tuesday May 02, 2023 @09:42AM (#35787273)
Bitcoin is extremely centralized. Every transaction is recorded in a centralized ledger. That ledger may be distributed, but that's not the same thing as being decentralized.
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Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by can16358p on Wednesday May 03, 2023 @04:30AM (#35799601)
There's nothing preventing anyone from mining blocks, either individually or in a pool, and broadcasting newly found blocks to the network to be permanently and uncensorably added to the ledger.
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