There goes my hero
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the absolute state of /biz this morning
why do I feel like BTC will pump again today?
I only watched about 10 minutes, but it seems like Valkenburgh did a good job explaining things.
When Roubini mentions that mining is concentrated, isn't it the case that the majority of the top block producers are pools and aren't singular entities? Meaning that saying it is centralized in disingenuous since any sort of abuse that could arise from concentration would require all the pool members to essentially be willing to commit network suicide for the potential of relatively small benefit? All such attacks are only valuable if you wish to destroy the network, which is completely counter to what miners would want, so why would miners be complicit in this instead of just jumping to another pool?
It was pretty disappointing to have someone of his standing present in such poor faith with so much misrepresentation. At least Van Valkenburgh corrected him a few times.
Keep feeling because thats all you’ll get
Yeah you are right kinda - but what he wants everyone acknowledges is that people shouldnt trust china as a whole where all this miners are located. Americans are always paranoid what china or russia is doing to harm them. I dont know maybe they fear that BTC goes up in value, gets mainstream adoption and all this guys milk westerners and then they collaps the whole network in a plot of all miners and destroy all crypto/bitcoin businesses and their jobs in the world
Thanks, OP, will give it a look. Valkeburgh is based.
So far Crapo sounds like a fucking dumbass.
kek, is that really Mr. Brown's real voice? He sounds almost as comedic as Pat Mahomes.