Not really. It’s fud of ppl trying to sound smart. There is plenty of untapped cheap energy yet to be plugged in. That is what they used to fud with Chinese miners. Mining is a brutally competitive business where the best tech and the cheapest energy wins. It will become a national security issue where nation states will all compete for it/ subsidize the costs like infosec. China shot themselves in the foot heavy by being commies and not having foresight
nostr:npub1yrf6e774ggeylt7e7s784jv9ydawv5c4z5zj4arvvs04q7lkulvqdgkaz3 Wondering if you can explain, dispel something. ₿ is intersection of tech, philosophy, Econ, human behavior, etc. I grok the other stuff way more than the tech. I have a techie friend who explained to me why it worked and that was sufficient.
Recently heard someone discussing the risk of centralized mining pools. Is this a big risk? Or is it such that at different phases of maturation different risks appear, but game theory incentives mitigate this risk? Seemed like the latter to a non techie
Discussion
Thanks for clarification
Property rights were the key. All the human capital and capital flowed out of commie China and into freedom loving America for a reason. This is something the orange pillers that love China / communism and hate America would have never anticipated