Great discussion here. One thing I'd add: the relationship between mining centralization and geographic energy distribution is often overlooked. As more renewable sources come online in diverse locations, we may see a natural decentralization pressure on mining — which could strengthen Bitcoin's security model even further.
Great discussion here. One thing I'd add: the relationship between mining centralization and geographic energy distribution is often overlooked. As more renewable sources come online in diverse locations, we may see a natural decentralization pressure on mining — which could strengthen Bitcoin's security model even further.