Quote from: smooth on January 07, 2015, 03:40:26 AM

Quote from: brg444 on January 07, 2015, 03:35:16 AM

Quote from: JorgeStolfi on January 07, 2015, 03:22:36 AM

fud

Here, some drawing for you :

i think the picture is likely somewhat misleading on the left side. Centralization has been declining overall for some time, going back to Satoshi's farm. At each technological shift there is a period of increased centralization as some subset of miners has a technology lead, but that is temporary.

I would agree.

Comments from Oleg Andreev to this previously tweeted picture also relevant to the discussion :

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@oleganza "centralization" of mining is not important if incentives are correct. There's no objective threshold of centralization.

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@oleganza e.g. everyone would be fine with Fed and Wall St. if their interests were aligned with everyone else's.