151 sats \ 0 replies \ @Brunswick 19 Jun 2022 \ on: What are the Centralization Risks in Bitcoin? bitcoin
Two risks have emerged recently in my mind.
- SHA256 ASIC manufacturing is too centralized and can be secretly dominated by a monied/state interest
- Bitcoin POW power usage is too low, less than 10TW, and can be easily outpaced by a covert state program with a small distributed array of nuclear reactors.