On: Is the Bitcoin network an oligarchy?

[geomark]

It's still a small group in control, so still an oligarchy. But the fact that there is a constant rotation of oligarchs makes it a little different, like maybe you could be the next oligarch.

[garmaine → geomark]

Churn at the top doesn't mean there's upward mobility.

[darawk → garmaine]

Yes, it literally does.

[garmaine → darawk]

No.. it doesn’t. It is often a game of musical chairs with the same aristocratic class.

[darawk → garmaine]

...if they're an aristocratic class, then it isn't churn, is it?