Anyone who calls #Bitcoin a private currency is either confused or purposefully lying.

Bitcoin, being open source, is a commons. Anyone in the world can access the network to recieve/send coins.

It has no private owner, it belongs to humanity.

@jcbrand "it belongs to whoever controls a majority of it's network" *fixed*

@alien23 @jcbrand That's a gross oversimplification. First of all you are underdefining "majority of it's (sic) network" to the point that the common interpretation would be incorrect. You cannot pull off any attacks with a simple network majority - even with a supermajority eclipse attacks are very difficult.

Second of all, even with a majority hashrate, what you can do has limits. You do not suddenly gain full control over someone else's node.

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