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Replying to Avatar vnprc

It's the biggest problem facing bitcoin today. Mining centralization is a systemic risk. The thing about systemic risks is that everyone loves to ignore them right up until it blows up in their face.

How many people were concerned about banking centralization leading up to the 2008 mortgage crisis? Just a couple pipsqueaks on the internet and that weird quant from The Big Short. They were fucking right all along, just nobody gave a shit. And then all of a sudden everybody gave a shit when it blew up and the problem became impossible to ignore.

Mining pools today are like mortgage brokers in 2007. The time to act is now. If you disagree, that's fine. Bitcoin is permissionless. Feel free to fork yourself off the network. We are moving forward with or without you.

This is you right now. Don't be that dog.

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Satosha 7mo ago

Fix mining through provisioning greater value for miners .. I guess Satoshi wanted miners to be greedy - not driven by ethics !

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