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Replying to Avatar Lyn Alden

I know it’s popular to be all-in on moral panic these days, but I think Bitcoin is in a good technical place right now. I’m bullish.

I think Core devs are doing good work. And I’m glad that people can run Knots or otherwise fork if they don’t like Core. That’s part of what makes Bitcoin robust, and gives useful market/adoption signals.

Mining pool centralization isn’t great, but there are plenty of optional tools to use more if it interferes more with the network, and economic signals (eg the possibility of high fees for censored transactions) exist for precisely that context, to help it get unstuck if it gets stuck.

I think current functionality is great, but I also think CTV+CSFS is a sensible upgrade on top of that if folks end up coalescing around it.

Sometimes the sun is out. ☀️

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TheBitcoinBattery 6mo ago

Mining pool centralization is something that's been on my mind lately. I have an idea on what might work to decentralize mining which I've written in this post, although I'm admittedly not a developer so I don't even know if it would be able to be coded. Would love your opinion on it!

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