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11 sats \ 2 replies \ @we_can_supply_you 20h \ parent \ on: CE004: Cockroach Fallacy bitcoin
My understanding is that is helps move more power from pool -> miners (miners can now choose what goes in blocks) but does not fundamentally change the mining pool centralization problem. I'd love to be proven wrong though.
Why does miners choosing their own blocks not solve the centralization problem? If a government wants to ban addresses, they now have to force every individual mining farm to not include specific transactions in their templates instead of just forcing a few pools. I don't know what the ratio of mining farm/pool is though.
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This is unfortunately beyond my understanding of the intricacies of the protocol. My guess is that pool centralization is still required because you still need a pool. How much control does that pool have? Certainly less than before. But more than an infrastructure that doesn't need pools at all (for example, a truly P2P "pool").
As long as you need a pool for something, there is some centralization and risk of the pool being attacked for some nefarious purpose. But hopefully someone here can chime in with a source or explanation which is more well-explained.
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