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@chaskin.eth
Bitcoin mining is already a duopoly, and it’s only getting worse. Economies of scale and shrinking rewards push everyone out except the top two. Soon, only they’ll decide what gets added to the Bitcoin chain. The rest will pivot. Ethereum is the endgame.
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Thomas
@aviationdoctor.eth
Spot on. People look at the year 2140 (end of mining) as a distant deadline that does not concern them, but that’s a distraction. The looming centralization and security budget crisis will not develop linearly until then. It will accelerate and snowball within the next 10 to 15 years. Nobody will want to be exit liquidity, so a loss of confidence can happen exponentially quickly. Whatever the solution that ends up being adopted — tail issuance, a switch to PoS, a wrapped token on Ethereum — the Bitcoin we know will look very different within that one generation timeframe
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Trish🫧
@trish
Isn’t kind of a similar problem w eth? Not quite the same but with states and corporations buying up so much it feels like another version of the same problem
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Jilt 🎩
@jilt
Triumvirate
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Rakshita Philip
@awkquarian
so, who really controls BTC?
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CryptoVeteran
@javspherepepe
https://x.com/kryptopepe13/status/1946144521093362056
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Konohime
@konohime.eth
I thought it was nodes that validated the chain, not miners? Also, the endgame of BTC will never be the endgame of ETH 🤨
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