Like i said, you are not smart enough to understand that the graphic you are showing doesnt mean nothing when you have mining centralization and usage of LN is 90% custodial.
If that sound like winning to you go ahead
Login to reply
Replies (6)
Fred, I think Anon makes a good point here. He is pointing out that Bitcoin is moving away from the reason it was created in the first place. Also when you say the market says otherwise, I see what you’re saying but that’s because it is inevitable to go up so people are buying, yeah it basically is “digital gold.” But the point is that some of us don’t care about the USD value of Bitcoin and we care about decentralized private money. People can’t compete with mining anymore and if your every day lightning payments for a coffee or something is majority custodial, the entire point of Bitcoin’s creation is being missed
On point my friend 👌
Centralized mining by %.
Bitcoin Mining by Country
Based on the provided data, here is a breakdown of the top countries by Bitcoin mining hashrate share:
United States: 37.84%
China: 21.11%
Kazakhstan: 13.22%
Canada: 6.48%
Russia: 4.66%
Other notable countries include:
Germany: 3.06%
Malaysia: 2.51%
Ireland: 1.97%
Thailand: 0.96%
Sweden: 0.84%
Norway: 0.74%
Australia: 0.36%
Indonesia: 0.35%
Brazil: 0.33%
Japan: 0.23%
United Kingdom: 0.23%
Georgia: 0.23%
France: 0.21%
Netherlands: 0.21%
Iceland: 0.16%
Ukraine: 0.15%
Paraguay: 0.15%
Libya: 0.14%
Iran: 0.12%
Mexico: 0.11%
Italy: 0.11%
Romania: 0.09%
South Korea: 0.07%
Argentina: 0.06%
Uzbekistan: 0.05%
Oh - and network capacity on Lighting has doubled the last year or so. Why? Because more people are using it for payments AND storage! We won't even talk about all the other developments like Nostr, Paradigm, Fedi, etc...
See for yourself.
Bitcoin Visuals
Lightning Network Statistics - Bitcoin Visuals
Bitcoin lightning network dashboard with charts and statistics on nodes, channels, capacity, distance measures, completeness measures, clustering m...
I will say it again, that doesnt means nothing because 90% of the LN usage is custodial so it isnt a self sourveign solution..
Can you explain me why no one is mining in Bitcoin P2Pool, and it was put appart and no one cares to develop the only decentralized pool that exists?
Can you explain me why 2 pools own more than 50% of the hashrate ?
Im sure that you doesnt even know Bitcoin P2Pool exists..
