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PRIVACY IS NECESSARY FOR AN OPEN SOCIETY IN THE ELECTRONIC AGE | Rabbit Hole Recap #302

Rabbit Hole Recap

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Decentralization Concerns in Bitcoin Mining Pools

The chapter delves into the intricacies of Bitcoin mining pools, highlighting concerns about centralization and censorship risks. It discusses the dynamics of hash power distribution, collusion potential among large pools, and proposed solutions like market structure changes and technological advancements. The conversation also explores the potential implications of a large mining pool dominating the network and discusses strategies to mitigate risks and enhance decentralization.

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