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