polynya
@polynya
PoW (or PoS) are useful for forming a status quo. But beyond that certain point, due to economies/entrenchment of scale & lack of redistributive mechanisms, they will likely only centralize things further. When the time comes, replacing them with a better mechanism will be essential for minimizing centralization.
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timdaub
@timdaub.eth
I feel like your take that CEXs change anything about the properties of the Bitcoin network is wrong. That argument can be made, like how you can say that gmail is bad for email. But email still forwards a lot of protocol benefits to its users
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Chaz Schmidt
@chazschmidt
Gmail and other major email providers are an example of a force that centralized email. Obviously, they offered accessibility and increased adoption of email but ultimately they made it difficult for the average joe to run their own mailserver without their emails marked as spam and dropped.
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