kaal:claim:3808873-008

Proof of Work block rewards structurally reintroduce centralization: the economic nature of mining rewards incentivizes degrees of centralization through collective action of nodes that share rewards as a group, that is, mining pools.

The economic nature of these rewards incentivizes degrees of centralization in collective action of nodes that share in the mining rewards as a group, so called mining pools.

Wulf A. Kaal, Decentralization Neutralizers (2021), II. Degrees of Decentralization, p. 8
https://ssrn.com/abstract=3808873 · source PDF

Wulf A. Kaal, Decentralization Neutralizers (2021). SSRN: https://ssrn.com/abstract=3808873

• Proof of Work consensus with block rewards
• Bitcoin in the early 2020s

mechanismsupport: arguedfailure: Reward Driven Mining Pool Centralizationfamily: recentralization-driftconsensus-and-securitydecentralization

• restates kaal:claim:3227933-019 Most current blockchain applications lack complete decentralization: proof of work style validation has produc...
• restates kaal:claim:3227967-032 Existing blockchains and DAOs still lack genuine decentralization, and there are currently no true DAOs: Bitco...

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