> Repeat after me: It's effectively centralised. It's effectively centralised.
So is bitcoin. Only 3 or 4 companies own the majority of mining.
Companies on the internet are centralized, but not the internet itself.
So is bitcoin. Only 3 or 4 companies own the majority of mining.
Companies on the internet are centralized, but not the internet itself.
Still some issues with centralisation (since consesus is achieved through vote delegates), but that's much easier to fix than redistributing hashpower.