You are viewing a single comment's thread from:
RE: Wayward ISPs Could Be A BGP Threat To The Bitcoin Blockchain Itself.
It's a well know fact that 50-60% of all the Bitcoin nodes reside with just 3-4 ISPs.
This is one of the worst things about how bitcoin has evolved. Satoshi saw the idea of people mining bitcoin if the price was too expensive. But, what has happened is that a few bitcoin miners have become giants and basically make it impossible for little guys to do anything (by themselves).
And so, centralization has happened in bitcoin. And that really isn't good.
Those whales get everywhere @builderofcastles - no crypto is immune from them eventually!
Well, it is by design. Bitcoin holds a lottery for who gets the bitcoin from all who mined blocks.
Instead of a system that pays every miner a little bit. Or a system that incrementally gets stronger with each miner added (not proof of work)
POW was Bitcoin's "Whales welcome here!" sign around its neck!