2PacStackur on nostr

Even if you don’t care about NGU, miners rely on NGU more than ever as block subsidies keep getting lower every halving and mempool fees are at all time low. Last cycle I didn’t believe this type of FUD yet here we are. If mining becomes less profitable it will also increase mining centralization as smaller miners can’t compete. Real threat or naw?

Comte de Sats Germain · 1d

Real threat. This was always the goal of the big blockers.

Central Command · 1d

Miners have always been centralized. Bitmain or naw?

mister_monster · 1d

1000% real threat, and worse than that is it cannot be fixed without getting rid of the max supply cap.

epsql · 1d

Real threat, but the solution doesn't seem to be symmetric, meaning that NGU doesn't guarantee mining decentralization.