Watch the first three minutes and you’ll know if watching the rest will interest you.
—This looks to be an inevitable path we’re on with centralized mining.
Most bearish btc news I’ve seen to date.
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Replies (5)
I wouldn't worry yet. Many things can change in moments of necessity
8/8
Lots to think about here, but I do find it interesting that he doesn't address lightning / layer 2 networks.
limenka
Kratter's concern is not setting and forgetting, is it? I thought it was being able to ensure, in a world where government pressure is exerted on a centralised mining pool, that you can send/spend your bitcoin (i.e. that transactions signed by you are included in the chain). If you are trying to transact with a "huge sum of money", that government pressure already exists, particularly if you are buying expensive real world goods like property, cars (KYC etc.) L2 would be enough for basic human needs.
I guess I just find it curious he didn't mention it ... at all.