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tolerable growing pains all of those things improve the resilience of the implementations exactly as the original white paper suggested
by cloudjacker 10y ago
tolerable growing pains
all of those things improve the resilience of the implementations
exactly as the original white paper suggested
- CoryG89 10y agoI'm not sure how the centralization improves the resilience of the implementations. Mining pool centralization is definitely a big downside for security on the blockchain. A lot of research is being done in cryptocurrencies looking for ways to discourage this type of centralization.
- cloudjacker 10y agocentralization doesn't, that wasn't a claim I was making or considering mining pool centralization has ebbs and flows. I'm not concerned about bitcoin's TODAY for example, but maybe tomorrow and at times in the past. There are a lot of blockchains people don't put under much scrutiny, where it turns out there is massive centralization. But this isn't an inherent problem, Satoshi was 100% of Bitcoin's network for a long time.