The Problem With Non-Commodal Consensus in Bitcoin

Monero is far smaller than bitcoin and the rewards are far smaller so the incentives end up a little bit different. There's less people willing to develop custom chips for a smaller market i haven't looked at that algorithm but in general when you combine things you get a nonlinear relationship between like input and output or like input and how many blocks you get which is really bad for centralization. If it's non linear there's all sorts of incentives for centralization including soft forks where nodes can hard fork away anything they don't like. I think these dynamics can become completely flipped once we get to this magical place where bitcoin is is indisposable and adopted by everybody, says Michele