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RE: Bitcoin Cash is not decentralised! ...92% of the blocks are mined by only 2 miners

in #bitcoin7 years ago

Of course there were almost no Bitcoin miners back then, but the price of Bitcoin was also at ~ $0.001. Bitcoin was yet unknown and because it was worth almost nothing, no one had an incentive to perform a double spend attack. A 51% attack is a serious threat now for Bitcoin Cash.

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It's definitely a little too centralized at the moment, but If the 2x upgrade doesn't go through in November on the main chain, I would expect to see a lot more miners on Bitcoin Cash.