What is the correct level of decentralized mining? Or is it just pools need to be smaller. How much smaller. What's acceptable to you and you haven't answered my question which is why does it matter? Centralization is a spectrum. You just said that it is. Which does nothing for the debate. Everything will have a degree of centralization. Supply is centralized with Saylor. Is that also bad? Or does supply centralization not matter because the more coins you hold has no bearing on the networks rules? You say miners need to get more decentralized. I'm asking why. "Because they're too centralized" is not an answer. You must answer the acceptable size of any individual miner. My answer is it does not matter how big any one miner is. It does in theory need to be less than 51% in one miner. In practice no one pool will ever grow that large because if they did they would be a risk to the network in theory. In practice they'll still follow the rules because if they don't, we fork them off.