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Thread: Decentralization in Bitcoin and Ethereum

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    Decentralization in Bitcoin and Ethereum

    Great piece discussing cryptocurrency and centralization/decentralization. Much ammunition for FUD fighters.

    Fact...

    Quote
    Both Bitcoin and Ethereum mining are very centralized, with the top four miners in Bitcoin and the top three miners in Ethereum controlling more than 50% of the hash rate.

    http://hackingdistributed.com/2018/0...coin-ethereum/

    Too long...

    https://mobile.twitter.com/el33th4xo...84970598682624

    Very long Cornell Study pdf

    https://arxiv.org/pdf/1801.03998

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    As well as the miners, the disparity is actually greater in Bitcoin than in Ripple.

    https://www.businessinsider.com.au/b...18-1?r=US&IR=T

    https://finance.yahoo.com/news/study...222710345.html

    Just because there is no central bank or government at the top, it is delusional to believe that BTC can't be manipulated at whim. Joe Average has only ever been riding the coattails of the few actually relevant holders.

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    Great piece discussing cryptocurrency and centralization/decentralization. Much ammunition for FUD fighters. Fact... Quote Both Bitcoin and Ethereum mining

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