So much for a "decentralized" coin.
I appreciate the technical work, but images like these challenge my confidence in Bitcoin.
The
ownership is distributed, you can buy a seat on the board today, and share in the profits. (The shares are publicly trained)
Who cares whether "ownership" is distributed? What matters to the long term viability of Bitcoin is whether a government or some other bad actor could take over one or a few mining operations to gain control of the network.
I totally agree, but don't panic yet we have rule of law for now, and this AM mining operation, If copped by a hostile force, only processes about 1% of the total network traffic and they disperse/sells there hardware to thousands of other miners, so no need to cry the sky is falling just yet.