0 sats \ 4 replies \ @Hypnagog 17 Sep 2023 \ parent \ on: What would be a "plot twist" for Bitcoin? bitcoin
Black rock uses VPN, unknown addresses, different shell companies, efforts thwarted. Banning black rock is also against the ethos of bitcoin - it is censoring the network.
Under this scenario black rock would own the majority of miners, meaning any new fork would need to have an entirely new mining infrastructure in order to work.
Centralized mining is the biggest fault and flaw of bitcoin today
please point us to evidence of bitcoin mining being centralized
I would love examples as they carry more weight than grand statements
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From the info here, it looks like the top 5 miners control > 51% of the network
https://mempool.space/graphs/mining/pools
Correct me if I am wrong
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Members of the pools can move to another pool or to new pools in an instant if needed. We would need to know the internal pool distribution of hash power. If almost all the power of the pools comes from one miner, then it can be a problem. But these miners are not interested in 51% attacks because they would destroy themselves.
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Those are pools, so they’re made up of individual miners.
If any of the pools misbehave, there’s nothing stopping miners there from unplugging and moving their hash somewhere else
See what happened here with OKEx
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