Bitcoin Block Production Centralizing: Proof of Waste
A recent tweet revealed that 70% of Bitcoin block production is controlled by 3 entities, highlighting the inexorable centralization of Proof of Waste. This blog examines the implications of this development and the lack of accurate information about Ethereum among Bitcoiners.
Evan Van Ness
I'm from the Ethereum wing of the Ethereum community I do my best to clean up this community. You should help.
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70% OF BITCOIN BLOCK PRODUCTION CONTROLLED BY 3 ENTITIES https://t.co/NfhhacjHuk pic.twitter.com/p2SZaqSBXT
— Evan Van Ness 🦇🔊 (@evan_van_ness) April 12, 2023 -
Proof of Waste is inexorably centralizing, pass it on
— Evan Van Ness 🦇🔊 (@evan_van_ness) April 12, 2023
Link: https://t.co/O76ZdLrE5S -
One thing the comments on this tweet reveal: most Bitcoiners don't know how their memecoin works
— Evan Van Ness 🦇🔊 (@evan_van_ness) April 13, 2023 -
Memecoiners also don't get accurate information about ethereum 😂 pic.twitter.com/fjKScGfglA
— Evan Van Ness 🦇🔊 (@evan_van_ness) April 13, 2023 -
Y'all I may need to return to my post as the Chief Education Officer of @bitcoin
— Evan Van Ness 🦇🔊 (@evan_van_ness) April 13, 2023
Andreas leaves for a couple years and....yikes pic.twitter.com/8FSiUWNiq8 -
36 hours of seeing bitcoiner replyguys who don't understand how their memecoin works
— Evan Van Ness 🦇🔊 (@evan_van_ness) April 14, 2023
Remember when Bitcoiners pretended to care about decentralization? -
Lol memecoiners pic.twitter.com/0aCbbsjd38
— Evan Van Ness 🦇🔊 (@evan_van_ness) April 14, 2023 -
Memecoiners are convinced that the "premine dump" is happening any day now
— Evan Van Ness 🦇🔊 (@evan_van_ness) April 16, 2023
They've been waiting almost a decade.
ANY DAY NOW pic.twitter.com/JZ4gDixLK4