Memo - Bitcoin Social Network

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replied 2050d

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One entity owning 70%+ of the hashrate is not centralization? What happens after the fork? One entity has 100% hashrate. This is like fiat. An entity has the power to print money.

Can any miner prevent others from mining also? They can't. That's why there is no centralisation. Central banks are because they are only entity that have ability to create money.

3045022100b557f2ef80b57cbd54636a9efa119a721bd971b612f85c1587b1fc4b20b975d70220499258d168eaa3b865ffd941152a5ec19b8dc8c30c0fbbc2d17fb0219f49df4f41 0268a9fd3af720925e945a1fb61c6624f0758db92729d3fa454b5c369175b01cd6

OP_RETURN 6d03 f98b783f53ef76444a6a32dc5c7dd5a5da301f4cd1867295d126ae8dd2c0a260 43616e20616e79206d696e65722070726576656e74206f74686572732066726f6d206d696e696e6720616c736f3f20546865792063616e27742e2054686174277320776879207468657265206973206e6f2063656e7472616c69736174696f6e2e2043656e7472616c2062616e6b73206172652062656361757365207468657920617265206f6e6c7920656e7469747920746861742068617665206162696c69747920746f20637265617465206d6f6e65792e

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

Transaction

Inputs (1)

Outputs (2)

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