Bitcoin Mechanic: Is Bitcoin Too Centralized? Mining Pools & Freedom Money vs State Surveilled SoV
Coin Stories
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Censorship and Centralization in Bitcoin Mining
This chapter explores the challenges to Bitcoin's censorship resistance posed by the influence of mining pools on transaction selection. It delves into the centralization issue within Bitcoin mining, highlighting concerns over a few dominant pools potentially undermining the decentralized ethos of the network. The discussion also addresses the complexities of miner incentives and inter-group dynamics, underscoring the impact of regulatory pressures and decision-making on the future of Bitcoin.
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