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Okay, so we need to trust three people, or whoever has the biggest datacenters.

The US Financial System relies on more than just Bank of America, Chase, and JP Morgan btw. There's more decentralization in the status-quo than the three or four big-name BTC Miners.



True but not much more than those. I bet you de facto "control" of the US banking system could be said to exist in fewer than 20 entities.


At least some portion of which are elected or appointed by elected officials.


The big mining pools are also chosen by individual miners, who can change at any time.


This, which is amusing.




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