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/biz/ - Business & Finance

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50058317 No.50058317 [Reply] [Original]

wait is this true? only 4 fucking miners control the bitcoin network?

>> No.50058363

>>50058317
You didn't really think this whole thing was created for your benefit, did you?
The game was rigged from the start, my friend.

>> No.50058396
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50058396

NOOOOOOOO THE MAXIS SAID THIS WAS IMPOSSIBLE BECAUSE THERE WAS NO PREMINE AND PROOF OF WORK IS FAIR FOR EVERYONE!!!!

>> No.50058583

>>50058317
Tick tock core cucks

>> No.50058604

>>50058317
Mining pools, not miners

>> No.50058712

There is no perfect system. Governments can spin up mining pools, take over the hashrate and fork the ledger. That's the risk as BTC gets cheaper and cheaper, mining rigs get dumped and it's easier to 51pct attack the network.

>> No.50058758
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50058758

>>50058317
No, of course not. There are thousands of nodes securing the network. My raspberry pi will protect your finances, don't you worry at all. Just exchange some more worthless fiat for btc, it is worth it trust me. And it's safe. And secure. And safe.

>> No.50058797

>>50058758
Nodes don't matter as much as miners. I can spin up a full node but that won't do anything to prevent a 51% by miners

>> No.50059030

>>50058712
too expensive to implement. so not realistic