Decentralizing Bitcoin Mining

This chapter examines the critical issue of mining centralization in Bitcoin and the efforts to decentralize it through a project named Ocean. It reflects on the evolution of mining pools and their impact on power dynamics within the Bitcoin network, emphasizing the need for miners to regain control and maintain the network's integrity. The conversation also highlights the risks associated with centralization, such as censorship and 51% attacks, stressing the urgency of fostering a decentralized ecosystem.