Mining centralization is still horrible. Most users prefer non-private custodial wallets. Next gen wallets are lying about their trust model in marketing and people are eating it up. Things aren’t terrible but if you’re this bullish you aren’t paying attention to anything but price.
calle's avatar calle
I can't get more bullish
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I'm bullish on, mining decentralization. open source mining initiatives. self custody tooling. node software decentralization. lightning network adoption.
Optionality is in a great place. Thanks to the work of many, there are great options for all those problems. Can't make people use them. Can lead a horse to water but can't make it drink.
DZC's avatar
DZC 5 months ago
Maybe @calle was not talking about bitcoin ☺️ 🫂
That’s true, but also if mining decentralization doesn’t improve, that’s really bad for Bitcoin whether miners have the options or not. Self-custody isn’t quite the same, but sadly modern competitive self-custody requires service providers (LSPs/etc) and they need enough users to stay in business.
That’s still basically a rounding error. Also curious what % of their hashrate picks their own templates. Good, but not the kind of movement we need to see.