Hi All,
Recently there have been some efforts to find avenues to decentralize mining pools. Centralization of any aspect of the value chain can prove harmful to the long-term success of Bitcoin.
There are many potential downside risks for not decentralizing these higher layers. I also discuss ordinals, broader consensus & some of the talks around censorship.
Overall, we need to find ways to remove risks of apps or projects from being coopted. If we don't, there will be a tough road ahead for freedom money.
SatsMates
Bitcoin Buys: https://invite.strike.me/2MSTYG
Bitcoin Address: bc1q7mahtup2zwnshwjppc5rqxcn0ydg5k5h4j3npth6vtxjdum2c2eqvx53ck
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
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Youtube: SatsMate
X: SatsMate
Instagram: SatsMates
website: https://satsmate.wordpress.com/