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> And if a quorum of mining pools gets together, they can fork the blockchain or do all sorts of other shit.

This is a common misunderstanding. Miners do not have power in the system. Anyone can fork Bitcoin, but when people want payment in Bitcoin, they won't accept ForkedBitcoin regardless of the number of miners shilling it. Meanwhile mining money will be left on the table for anyone who wants to enter mining of the original Bitcoin and at greater mining profit.



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