Bitcoin’s Guardian Angel: The 50 Biggest Companies In Blockchain

Bitcoin’s Guardian Angel: The 50 Biggest Companies In Blockchain

From forbes.com

This week, we released our second annual list ofbillion-dollar companies making the biggest strides in blockchain tech. From the instantaneous settlement of German government bonds to bringing liquidity to a small supplier of sliding shower doors in Zhongshan, China, this year’s members have largely movedbeyond the theoretical benefitsof blockchain to generating veryreal revenues and cost savings. The list spans a wide range of industries and projects from household names likeVanguard,SquareandMicrosofttocryptocurrency-native startups likeBitfury. A few more examples: De Beers:The diamond giant’s new software, ... (full story)

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Feb 24, 2020 4:25am

Nowadays, bitcoin is dominated by very large bitcoin mining companies and some big exchanges.
Between them those guys make up 80% of the transaction checking system, or the hash rate, of bitcoin.

So in other words instead of having central banks, now you have some Crypto Big Brothers and the Crypto
Exchanges Big Brothers.
Now, if the blockchain is clean and impenetrable, these guys are no angels

Sooo, bitcoin far from being a distributed system it's now fairly centralized in these large mining companies
and collectively they could choose to 51%-attack, block, reverse transactions or even change the entire bitcoin protocol.

Bitcoin, bearish for the long run

yg10

Feb 24, 2020 4:59am

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Quoting TudorIoan

Disliked

Nowadays, bitcoin is dominated by very large bitcoin mining companies and some big exchanges. Between them those guys make up 80% of the transaction checking system, or the hash rate, of bitcoin. So in other words instead of having central banks, now you have some Crypto Big Brothers and the Crypto Exchanges Big Brothers. Now, if the blockchain is clean and impenetrable, these guys are no angels Sooo, bitcoin far from being a distributed system it's now fairly centralized in these large mining companies and collectively they could choose...

Ignored

No mining companies are mentioned in the article.

yg10

Feb 24, 2020 4:56pm

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Quoting TudorIoan

Disliked

{quote} True. I mentioned them. Thanks for the emphasis on the essence of my message

Ignored

Ah you think that world is turning around your messages

But I spoke not about your message, but about the article being discussed which you evidently did not read.

FYI DeBeers and Qualcomm have nothing to do with Bitcoin mining business.