Lotta craziness in the wallet space right now but take a look at mining centralization.

Blue Matt covers the topic nicely on his latest ep w Marty on TFTC nostr:note1pfnpzh45fra968x5lavhan70e746yxuzm7k5gqccrtezkzaga7zsf7f587

Reply to this note

Please Login to reply.

Discussion

𝔅𝔦𝔱𝔞𝔵𝔢 fixes this 🫡

How can this be helped on a individual level?

If you mine on a big pool, move your hash rate to a smaller one.

Also push for Stratum V2 with your pool

I have to be missing something... as it does not matter with mining centralization. Miners do not have to be honest they have to be rational. If they try and fuck with the block chain it will be known and that will collapse the price and their reputation. They will lose all the fiat they invested and bankrupt themselves.

I know that is simplifed, but what am I missing?

The fact 3 entities could be sanctioned and ~80% of network hashrate could be forced to implement KYC measures is a significant risk. Among others.

That would crash Bitcoin and all that fiat investment would be gone. It would not be rational for them to comply with governments.

Jameson should hack and break antpool