Industrialized mining will always trend against decentralization. This may be an achilles heel of all crypto eventually.

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Anything that can be industrialized invites parties to pursue economies of scale and very often reaches a situation where only a handful of players exist worldwide. Just look at computer chip manufacturing, airplane building, farm equipment, etc… This is especially true when the product being made is intended for business users who are often a small number. Little players just cannot keep up.

Ironically, if we had a solution like LN that made the need to settle to the blockchain less important, mining centralization would be less of an issue.

We're in a confusing time right now.

submitted by /u/logical
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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $19201.95 USD  (via Coinbase)
1 ETH = $1296.08 USD  (via Coinbase)
1 LTC = $52.72 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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