/biz/ - Business & Finance

>>8019487
>Because they manufacture the hardware which they sell to miners, right?


hahahaha you are so new it hurts


they manufacture ASICs
the mine with these ASICs
they sell ASICs
they create pools for customers who bought their ASICs
they create ASICs for altcoins
they bribe the developers of the altcoins with ASICs so they don't change the PoW (as happened with Charlie the creator of LTC)

>>8018503
even if PoW changes, new ASICs will be manufactured, richest can control most of the hashpower by making ASICs, or purchasing pools, and you won't know, it can all happen behind the scene, but right now, it's obvious, we know bitmain alone is in control

>>7949537
>>7949582
and it's really funny when bcash retards talk about wall street and blockstream, bitmain made more than goldman sachs for fuck's sake

>>7923519

try harder, pajeet.

-if Ripple Labs disappear today, the network would continue to function.

-Any changes to the code requires consensus, just like in Bitcoin.

-Ripple is designed to be censorship resistant, validators are scattered around the world, they are under different jurisdictions.

-Ripple Labs has the biggest share of XRP, even consideration of cenorship would be suicide.

-Forking Ripple costs nothing. You don't have to suck miners cock to accept your agenda, secure the network and process new transactions. Ripple devs (who created the project because a company acquired it) would fork off, same for the rest of eco system.

-Unlike Bitcoin, XRP is fungible. Governments can blacklist Bitcoin UTXO of criminals. This would destroy Bitcoin's value and make people switch to fungible coins.

-More non related entities will become validators this year (compared to Bitcoin, one chink runs the show)

-Any powerful actor can easily destroy faith in Bitcoin forever (and all proof-of-work coins), a simple attack described by a bitcoin early adopter:
https://medium.com/@homakov/how-to-destroy-bitcoin-with-51-pocked-guide-for-governments-83d9bdf2ef6b

>we only have your interest in mind, believe us