The risk is that miners can be coerced easily if hashrate is too centralized. I would argue the risk is significant (mining pools are effectively duopoly at the moment).
Coerced how? Not including certain transactions? That already happens every single block that is mined. Plus, I thought FiLtErS dOnT wOrK and you can just route around the centralized miners.
While I think decentralizing the block templates is a good goal, that happens naturally because mining itself is not a profitable venture at scale. It's quite literally playing the lottery at scale. Sure you can buy 500 million tickets but in most scenarios, you lose money. While individuals have a massive advantage in a risk/reward calculation.
While I think decentralizing the block templates is a good goal, that happens naturally because mining itself is not a profitable venture at scale. It's quite literally playing the lottery at scale. Sure you can buy 500 million tickets but in most scenarios, you lose money. While individuals have a massive advantage in a risk/reward calculation.