Quantum Economics
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Quantum Economics

China’s Power Outage Proves Bitcoin Is Centralized. Or Not.

Why the most popular conclusion is also the wrong one

Image: Adobe licenses stock by Quality Stock Arts

I knew something major happened last Sunday as soon as I wandered past my office and noticed a few anomalies on the computer screens, even from a distance.

Not only had the Bitcoin fees and mempool charts gone through the roof, the price and hash…

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