yeah it's not like 30% of all mining power belonging to a single person is meaningful, you are right, it's obviously my mistake. that doesn't say anything about this issue at all
I mean even if we could attribute 97% of all power to four or five people, that obviously wouldn't be centralized, amiright? because centralized means something entirely different. I realize that's the case with bitcoin because of pools, but that doesn't change anything. do you know why? this is why:
because what's reaaaaally important is how I don't have to fill out any forms if I want to mine. now it all makes sense! it's only centralized if we have to fill out forms! if we don't have to fill out forms, then it's not centralized!!
that's where the magic lies! it doesn't matter what anyone says, ever, simply because there is no form-filling involved! yeees now I see it
sure.
but 30% is not exactly "centralized"
there is no "king of bitcoin" who can act unilaterally
you don't have to fill out any forms or ask anyone for permission to set up your own mining rig
yeah it's not like 30% of all mining power belonging to a single person is meaningful, you are right, it's obviously my mistake. that doesn't say anything about this issue at all
I mean even if we could attribute 97% of all power to four or five people, that obviously wouldn't be centralized, amiright? because centralized means something entirely different. I realize that's the case with bitcoin because of pools, but that doesn't change anything. do you know why? this is why:
because what's reaaaaally important is how I don't have to fill out any forms if I want to mine. now it all makes sense! it's only centralized if we have to fill out forms! if we don't have to fill out forms, then it's not centralized!!
that's where the magic lies! it doesn't matter what anyone says, ever, simply because there is no form-filling involved! yeees now I see it
110%