Row 62429

Row ID: 62429 | Dataset Entry | Axioma AXP Content Repository

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>However, it seems clear that economic nodes have a lot of power, and in particular centralised exchanges appear to have more power than miners.

In theory, assuming said CEX balances the books, the miners could collude to block tx from BitFinex or any sort of CEX cartel, and there's not much they could do except play whack-a-mole forever trying to obscure their tx, or take the capital they've already earned, and start mining. As long as the CEX has a business though, it's a good bet a miner can always sell to a competitor, or even P2P. I'm not sure if they have more inherent power. More real world influence, maybe, but the market while gimped still carries on without the CEXs, but if the miners bring the blocks to a halt, or mine all empty protest blocks, there's not much they can do in answer, other than maybe in the short term running an unsecured fork

FieldValue
text >However, it seems clear that economic nodes have a lot of power, and in particular centralised exchanges appear to have more power than miners. In theory, assuming said CEX balances the books, the miners could collude to block tx from BitFinex or any sort of CEX cartel, and there's not much they could do except play whack-a-mole forever trying to obscure their tx, or take the capital they've already earned, and start mining. As long as the CEX has a business though, it's a good bet a miner can…
label r/bitcoincash
dataType comment
communityName r/Bitcoincash
datetime 2024-05-23
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url_encoded Z0FBQUFBQm5Lak9xdkphTEFaMW9fOE1wcG9jWnBRM2x1X2lpX0RaRmFiN29ZQzNoc2wwM3V3dWlsRW12OTlnaDIxcjlJUUJKWExObnpNMXpCU2NmT0lia2lDT1h2bFh3ZFpDTnkwM1oyYTgxN0p0Ym00SlV2NmlzdE1lVERzYmk4ZV9uWGp5OU5WVnFqWVl3ay1RRmVmNUJob3NCR180YWYyQWZacUVFRUZ6dlVZRldiTzBhTU9pVlFibm5JVXU0U09nbU9uQXhZS0di

Raw Record

{
  "text": "\n>However, it seems clear that economic nodes have a lot of power, and in particular centralised exchanges appear to have more power than miners.\n\nIn theory, assuming said CEX balances the books, the miners could collude to block tx from BitFinex or any sort of CEX cartel, and there's not much they could do except play whack-a-mole forever trying to obscure their tx, or take the capital they've already earned, and start mining. As long as the CEX has a business though, it's a good bet a miner can always sell to a competitor, or even P2P. I'm not sure if they have more inherent power. More real world influence, maybe, but the market while gimped still carries on without the CEXs, but if the miners bring the blocks to a halt, or mine all empty protest blocks, there's not much they can do in answer, other than maybe in the short term running an unsecured fork",
  "label": "r/bitcoincash",
  "dataType": "comment",
  "communityName": "r/Bitcoincash",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1hWTcxcEN0LW9yQmJIZWptVXpITnlfZWUtTXVURWNpTzZ4UGtoY0N2bzVycDhheTJrX1VvLTFHRnhyMDhJYjFvQVp2UGxTVEppZXpMV1JhU3ZONFBqZmc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9xdkphTEFaMW9fOE1wcG9jWnBRM2x1X2lpX0RaRmFiN29ZQzNoc2wwM3V3dWlsRW12OTlnaDIxcjlJUUJKWExObnpNMXpCU2NmT0lia2lDT1h2bFh3ZFpDTnkwM1oyYTgxN0p0Ym00SlV2NmlzdE1lVERzYmk4ZV9uWGp5OU5WVnFqWVl3ay1RRmVmNUJob3NCR180YWYyQWZacUVFRUZ6dlVZRldiTzBhTU9pVlFibm5JVXU0U09nbU9uQXhZS0di"
}
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