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Comment by EGreg

But in practice, the supernodes can freeze your money. Similarly if the five big mining pools blacklist your bitcoin address then your "permissionless" currency becomes just like a frozen bank account in Cyprus, no?

You may not think those gatekeepers care about you, but that's one reason the banking system doesn't rush to adopt bitcoin. They don't want to be at the mercy of the mining pools when it comes to moving billions of dollars between banks. That's why they are instead adopting Ripple and Hyperledger.

parent EGreg 9 years ago

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