One way to look at PoW is to view it as an extortion racket by miners where you have to pay an ever more centralizing set increasing amounts to not attack you.https://www.bloomberg.com/news/articles/2020-01-31/bitcoin-s-network-operations-are-controlled-by-five-companies …
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Odgovor korisniku/ci @el33th4xor
"an ever more centralizing set " That can't possibly be true because we started with one miner, then two, and so on. Also, 'pools' are collections of individuals.
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Odgovor korisnicima @mikewallace_oz @el33th4xor
Misrepresent the power of mining pools and the incentives at play is the bread and butter of low-effort, bad faith PoW critique.
Check list:
Pools = Miners
51% = Certain, permanent destruction
X miners control Y percent of total hash power (!!)
Pie charts
02:50 - 1. velj 2020.
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