Oddbean new post about | logout
▲ ▼
₿itcoin | 9 months ago (raw) | root | parent | reply | flag 
 That chart is the 
PREDICTED 
hashrate distribution 
IF
everyone would use stratumv2. They show that chart as a reference to how much INDEPENDEND
miners there probably could be,
IF
the block template process was not centralized.
▲ ▼
₿itcoin | 9 months ago (raw) | root | parent | reply | flag 
 But I still sub because I like your enthousiasm ₿-)
▲ ▼
21seasons | 9 months ago (raw) | root | parent | reply | flag 
 I know, but it's still true in a sense that there's countless of individual entities mining around the globe. Mining operations are not centralized at all!

I'm not saying that everything's perfect and I believe we should focus on to talk about mining pool centralization or ASIC manufacturer centralization, but those are very different topics.
▲ ▼
₿itcoin | 9 months ago (raw) | root | parent | reply | flag 
 Yes, but as long as the control over the next block contents is centralized, it doesn't help much. The operation is not centralized, but the final result that they bring (new block) is determined by an obscure few.