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Well on crypto you do have centralizing incentives considering that your income as a miner is directly proportional to the amount of money you have (buying hard
by zaarn 8y ago
Well on crypto you do have centralizing incentives considering that your income as a miner is directly proportional to the amount of money you have (buying hardware).
Not only that but the power on the Bitcoin blockchain is directly determined by how much hardware you can buy and how specialized you can make this hardware. Consider that atm you can fit about 80% of bitcoin hash power on a single stage (about 11 people IIRC).