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Replying to Avatar BTCapsule 🏴

I’m very confused about drivechains causing miner centralization

Drivechains incentivize the miners to mine. That’s PoW and a free market. Miners make money, more people join, and mining is decentralized

Restricting trade is how governments create centralization. Drivechains are possible, but they are restricted right now.

The current plan is to let small miners drop off, wait for difficulty to decrease, and hope Bitcoin pumps after the halving so the bigger miners can get richer.

It is likely Bitcoin will pump after the halving, but this is a gamble. Austrian economics teaches there is nothing intrinsically valuable about the halving or Bitcoin. That is Marxism. Regardless, mining will become more centralized.

Something isn’t right

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captjack 🏴‍☠️✨💜 2y ago

not so sure after 4th halving same path

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