Comment on Please Stop
reassure6869@lemm.ee 8 months agoLike the rest of society, some people get ridiculous wealth by luck of being at the right place at the right time. That is no reason to not have open source money.
thats not the point, there have been studies that show bitcoin is fairly vulnerable to 50% control due to early adopters and other wHaLeS controlling the currency. and the studies can show this because bitcoin isnt private.
emilStigsson@lemmy.world 8 months ago
Alright, do you mean concentration in hash rate (mining)?
reassure6869@lemm.ee 8 months ago
don’t recall, it covered both bitcoin and etherium and investigated who owned what. ill see if i can’t find it.
emilStigsson@lemmy.world 8 months ago
That is super interesting! But yeah, that was really early days. Hash rate centralisation could of course still be a problem today but it was most likely 100 times worse in 2011.