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.

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Fiat Shenanigans 🤡🌎 2y ago

Pump or not, hard to say. But some sort of uptrend after the halving is likely. We may get to the halving with no price rally at all in which case only the most efficient miners will survive. But after the halving you've effectively cut the rate of inflation and the volume of miner sell pressure on the market in half, so conditions are better for an uptrend.

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