Ten years ago, the Bitcoin protocol was first conceived and freely published on the Internet. It promised to be the first scalable, decentralized consensus network. Since then, there have been thousands of other such coins forked and cloned from Bitcoin, though none have been so far been able to match Bitcoin’s degree of decentralization, adoption, […]
The eons of central authority Appeal to, adherence to, servitude to hierarchical authority structures is in humanities very nature; and it’s not merely a social construct. Disparate lineages of life have evolutionarily converged on dominance hierarchy as a primary key to the survival of social organisms. It’s written in the DNA of social insects and […]
The “ridiculously wasteful, malignant, guzzling” of electricity by Bitcoin miners is “illegally siphoning power, causing country–wide blackouts, not remotely sustainable, and is ruining the planet.”
What most of the Bitcoin community should have learned in 2017, it it weren’t obvious before, is that miners do not control the Bitcoin network. So who is in control? Everybody, and nobody.