BTC has been mostly taken over by institutions now. There is little retail use and even that is over Lightning for many transactions.
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BTC has been mostly taken over by institutions now. There is little retail use and even that is over Lightning for many transactions.
Yeah, miners will have to adapt... or it will self balance because some would always be able to run miners, others not. But if that happens, natural separation can drive 50% attacks... I mean, it's already very close to that...
We have always had the situation of few mining pools colluding together being able to do a 51% attack. That is an improvement over total centralization. HIVE has shown that it is possible to create more decentralization with how our Witnesses are arranged.