Reposting here;
People freak out about bitcoin existence too much, get off twitter walk on grass.
Bitcoin is much bigger than this app (twitter) and the opinions expressed here.
Stop overthinking it, the NgU incentives is what makes it really tick, everything else is nice to have.
The market should tank somewhat if miners centralize, but that hasn't happened because nobody cares. All these NGUs only care about NGU, and don't care about decentralization. There is no disincentive to decentralize.
NgU needs reasonably decentralized mining, we have reasonably decentralized mining.
https://protos.com/new-research-suggests-bitcoin-mining-centralized-around-bitmain/
I guess it depends on your definition of decentralization.
Sounds like cope, buddy.
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Me seems. You are one of the OGs who has lost the plot.
Those are the incentive set of the system, has nothing to do with my preferences
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Very few still have the enthusiasm and courage to buy the deep dips that send the faint of heart scattering like rats back into fiat. That's when we BTFD and how we eventually come to be Inb4NgU.
Bitcoin is profound, and profoundly misunderstood.
No matter how much you study you will not understand everything you know about it, and something you know about it will be wrong.
Stay humble, stack sats and keep learning.
