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I think that the mistake here is believing that the miners control the network, when most likely the miners simply work for the decentralized network. When the
by the_real_sparky 9y ago
I think that the mistake here is believing that the miners control the network, when most likely the miners simply work for the decentralized network. When the miners become centralized there is little they can do that the users/nodes can’t unwind with a software update, even up to the point of firing those miners completely if necessary (changing the proof of work so that their current hardware is worthless). I think that long-term the incentives are aligned for them to simply do their job.