Hi,

Looking at the hashrate distribution I notice the top 2 pools control more than 50% of the network. Does this not concern anyone that Bitcoin has less than 20k nodes and a hashrate hyper concentraded -- considering the narrative has always been censorship money.

It is unlikely but Foundry the biggest mining pool with close to 30% of the network hashrate is based in the US -- there is a scenario in which the US could ban bitcoin, its usage or simply mining.

What would happen in that case ?

Does the concentration between AntPool and Foundry scare anyone?
> Hashrates will be more and more concentrated over time [as the network grows in size and hardware becomes more expensive] does this not threaten the sovereignty of the network -- going fully against the Satoshi ethos ?
How far did Satoshi envision the decentralisation, are there counter mesures at hyper concentration events? What could be done in order to mitigate that?
Does it pose an existential threat to the value proposition of bitcoin ?

I would like to get different views on that and none with the Stock-to-flow answer.

This leads me to my ultimate question: if bitcoin is centralised how good is it ? notably in comparaison to other blockchains like Ethereum, Solana etc ...

Best,
Bankers of Zug

I know the tokenomics of BCH I just wanted to know how the claiming process worked.

Was it:
(i) a developer "bridge adress" -- meaning you sent bitcoin, locked them and recived $BCH on the BitcoinCash chain?
(ii) your wallet got automatically "credited" tokens on the BitcoinCash chain at a 1:1 pro rata to your bitcoin holdings and no transaction was necessary? - this would be called an airdrop for us
(iii) you had to claim your $BCH tokens through a faucet but were eligible to claim your tokens at 1:1 pro rata basis?

So me and my team are doing some DD on bitcoin forks: how they happen, etc...

We wanted to take a closer look at how BitcoinCash launched but did not find any info - at least not credible one. My question specifically focuses on how BitcoinCash launched - was it an airdrop to all the bitcoin holders on the BCH chain? was it a claim? how did they distribute the tokens?

I guess I want to know the details of how that "transition" happened in practice for their supporters.

I thank everyone for seeing/contributing to this in advance

BankersofZug