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RE: Impressive ideas from Craig Wright, Bitcoin is Turing complete
There is no right or wrong, just different outcomes. Why do you want mining to become centralized?
I don't want it to be centralized to the point where a single mining pool or even single mining farm holds more than 50% of the hash power. Why should I trust these companies to scale the Bitcoin when they can reach consensus without my vote or without anyone's to that matter. They came to be because mining Bitcoin was profitable. You think that makes them competent enough to give control to them?
My point is mining is always centralized. It's centralized around the physical devices, which means the physical device manufacturers. It's centralized in the same way plastic manufacturing companies have advantages in making shovels. The point is the economics are what provokes the decentralizing force, not "hash power" or mining.
If you get the economics right then you get an acceptable balance between security and performance. Mining itself is supposed to provide security and keep the network going but it's not by itself enough to promote decentralization. The entire incentive structure promotes decentralization or centralization according to the merits of it's game theoretical basis.
I get your point and I don't agree. Still I find it hard to believe that you want to trust these guys to get the economics right. Did you watch the full video (not only the Craig Wright part)? The points they are making make sense only coming miner's community mouths because they are in the fee market and they want what's the most profitable for them. And history is showing us that it's not the best thing for Bitcoin in the most cases.