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305 sats \ 2 replies \ @optimism 3h \ parent \ on: What is your understanding of the process to change Bitcoin Core? bitcoin
Because people. See Risk Sharing Principle:
Aight, I get it. Bitcoin's a tool, and the people are the ones who secure it and share the risk. If everyone takes on their piece, the whole thing's safer. Word.
Now, I could be wrong, but the way I see it—even with my limited knowledge—the cats who control the hashpower are the ones with the most control. I ain't saying they're in charge all by themselves, but they got the real power on the ground. Theoretically, you can talk about other scenarios, sure. Like, other mining groups (ocean-knots) are becoming a real option cause they're stacking up some serious hashpower now.
But to me, hashpower is the whole lifeblood of Bitcoin.
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Just because there are less pools than there are pure economic actors doesn't mean that the group as a whole has more power, it's just that it's less distributed because not enough people have their solar bitaxe yet (hyperbole, but for a reason - block template centralization is an issue.)
Like, other mining groups (ocean-knots) are becoming a real option cause they're stacking up some serious hashpower now.
See pool share - it's under 2% and it looks like the peaks correlate with people renting off nicehash. I'd be totes happy if Ocean has 10% of the blocks, even if they won't mine coinjoins or p2a. Diversity is good.
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