Incentives change. Companies have incentives to protect their commercial interests, but they cave to governments to put backdoors in their software to spy on their customers. Large public miners/pools can be pressured into doing things that are against their interests. We see this playing out in real time. Also, Andreas was wrong 10 years ago, but he didn’t have the whole picture back then. Mining has become absurdly centralised since then.
Discussion
And we have the means to decentralize mining.
I don't think Andras was wrong.
Yes, we have now, but Datum is a relatively new tool, Bitaxe too. Things are slowly improving imo, but we have miles to go. It’s good to stay humble and acknowledge that what is happening to the shitcoin bros could happen to us if we stay complacent. Their loss is not a win for us. It’s a cautionary tale.
Bitcoiners verify and all those things just show how Bitcoiners think ahead and take actions to try mitigate any risks. We have acked it long ago as a risk but we also need to be real about it. Monero hashrate has been 4.99 GH/s at the period of attack (I know they use CPUs ..). I run 1000GH/s on my Bitaxe Gamma. Bitcoin hashrate is 950 EH/s which of course has its cost.
This adds a perspective on our conversation. I found it interesting (link is below the picture)