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Bitcoin Stares Down Impending Apocalypse (Again)


That’s what a company called 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

Comment by Ed Price
Entered on:

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.

Comment by Anon Commenter
Entered on:

“26 Reasons Why I Will Never Support Bitcoin”
By Silver Shield (Chris Duane), on December 21st, 2013

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