THE RISKS OF BITCOIN MINING CENTRALISATION w/ Bob Burnett
What Bitcoin Did
Centralization Risks in Bitcoin Mining
This chapter examines the centralization risks tied to Bitcoin mining, particularly through the dominance of mining pools. It discusses the implications of these pools on transaction inclusion and the evolving economics of mining, especially as transaction fees become a vital revenue source. Additionally, the dialogue contemplates the future of Bitcoin as a global monetary base and the potential financialization of block space, exploring how these dynamics could reshape relationships between banks, corporations, and miners.
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