I mostly agree with you, I just hope it's not one of those boiling frog situations where we leave the mining decentralization *just* to late and get saddled with currency control or something on the m...
Work on decentralizing mining with stuff like stratum v2 has been on the agenda/a concern for many years....
Wtf has bip110 to do with mining centralization anyway?
To perhaps put you at ease a bit. Mining has proven itself a very tricky domain. Its super hard to predict the dynamics, most of it is only clear in hindsight. And mining has gone through various phases at this stage, with big mining corporations being one such phases. And what are those players doing now? They are switching to AI.
In the end, given of how the mining economics work, it will seek out the lowest cost (and sometimes even ''negative'' cost) sources of energy, and those are by their nature marginal and geographically scattered. Seriously, chill out.
Also miners controll the network, and we should just accept that fact and let miners openly signal for softforks so we can finaly get something usefull added again.
Wtf has bip110 to do with mining centralization anyway?
To perhaps put you at ease a bit. Mining has proven itself a very tricky domain. Its super hard to predict the dynamics, most of it is only clear in hindsight. And mining has gone through various phases at this stage, with big mining corporations being one such phases. And what are those players doing now? They are switching to AI.
In the end, given of how the mining economics work, it will seek out the lowest cost (and sometimes even ''negative'' cost) sources of energy, and those are by their nature marginal and geographically scattered. Seriously, chill out.
Also miners controll the network, and we should just accept that fact and let miners openly signal for softforks so we can finaly get something usefull added again.
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