That’s what a company called
CEX.io discovered yesterday when it abruptly stopped accepting new machines
into its consortium of bitcoin miners. The consortium — known in bitcoin
circles as a pool — was running such a large portion of the worldwide
computer network that oversees bitcoin, people were beginning to worry
that CEX could corner the market and gain control of the digital
currency. The whole idea behind bitcoin is that isn’t controlled by any
one central authority.
Now that the CEX has pulled back on the throttle, the bitcoin world can rest a little easier.
2 Comments in Response to Bitcoin Stares Down Impending Apocalypse (Again)
What is really good about the idea of a Bitcoin monopoly is, the monopoly would ultimately destroy Bitcoin. This means that everyone who wants new and better things because of Bitcoin, will work to see that no monopoly ever comes about, even to the point of reducing their own control to avoid their own monopoly.
“26 Reasons Why I Will Never Support Bitcoin”
By Silver Shield (Chris Duane), on December 21st, 2013
http://dont-tread-on.me/?p=31861