this post was submitted on 27 Feb 2024
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Bitcoin miners win legal battle to keep mum about energy use [US] (www.theverge.com)
submitted 6 months ago by misk@sopuli.xyz to c/technology@lemmy.world
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[โ€“] deafboy@lemmy.world 5 points 6 months ago (1 children)

Bitcoin is by definition controlled by those who have the power

Bitcoin was specifically designed so no small group of actors has the power. That's also one of the reasons it's so hard to introduce any fundamental changes to it. Too many groups of people would have to reach a consensus on the new rules. Since each one of them is following their own set of incentives, they keep each other in check.

[โ€“] ammonium@lemmy.world -1 points 6 months ago

Exactly, in the best case a shitty form of democracy.