Why do 2 delegate instances return the same hashcode?

Take the following:

  var x =  new Action(() => { Console.Write("") ; });
  var y = new Action(() => { });
  var a = x.GetHashCode();
  var b = y.GetHashCode();
  Console.WriteLine(a == b);
  Console.WriteLine(x == y);

This will print:

True
False

Why is the hashcode the same?

It is kinda surprising, and will make using delegates in a Dictionary as slow as a List (aka O(n) for lookups).

Update:

The question is why. IOW who made such a (silly) decision?

A better hashcode implementation would have been:

return Method ^ Target == null ? 0 : Target.GetHashcode();
// where Method is IntPtr