… Only that it doesn’t.
Tim Reutemann
1

concentration of hash power is not equivalent to control of the underlying currency and its behaviour

concentration of ownership of the currency at the present moment is irrelevant. what is relevant is the capabilities the currency offers, and the fact that they’re available to anyone. that, of course, says nothing about infrastructure but from the perpsective of the technology itself, it is blind to its participants, unlike fiat currencies — which was my point

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