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Rabbit Hole Recap #232: Merry Christmas!

Rabbit Hole Recap

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What Do You Think About Distribution of Hash Rate?

It's definitely a unique situation because the collateral is actually depreciating in value. What we really want to see is as these cycles continue to go through, and this is what I think both of us expect, is to see distribution of hash go to smaller operations, geographically distributed. So if you want to talk about distribution, censorship resistance, protocol level censorship risk because of large miners, seeing the largest public miner in the world go through bankruptcy was obviously a net win on that front.

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