16min chapter

Coin Stories with Natalie Brunell cover image

Bitcoin Mechanic: Is Bitcoin Too Centralized? Mining Pools & Freedom Money vs State Surveilled SoV

Coin Stories with Natalie Brunell

CHAPTER

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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