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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
Bitcoin Mining and the 2017 Block Size War
Bitcoin mining is not fully decentralized because a small number of miners control a majority of the hashing power. So if you're thinking of making a case for Bitcoin being decentralized, do you worry about the miners being somewhat centralized? Is the nodes the important thing to think about? Yeah. And what number of nodes counts as centralized and not? The nodes are what determines Bitcoin's consensus parameters.
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