Decentralization Dilemmas in Bitcoin

This chapter examines common misconceptions about Bitcoin's decentralized nature and the dangers of centralization within the cryptocurrency ecosystem. It discusses the complexities of Bitcoin mining, including the risks associated with centralized mining pools and the efforts to enhance decentralization through technologies like Stratum V2. Additionally, the chapter explores the implications of custodial services for Bitcoin users and the ethical considerations of reliance on large entities within the ecosystem.