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RE: Genesis tries to prevent an Exodus by creating new Laws to keep Numbers of customers mining
Interesting demonstration on why the mining side of the business is difficult to keep up with. This also gives perspective on potentially why Bitmain and others in the space are now filing for IPOs. It seems as if it is unsustainable and if prices decline it could be ugly and lead to even more centralization.
Like most things in crypto, it carries a risk. Sadly the centralisation concerns are real, but for me that's the beauty of alts. If one coin is too centralised, you can jump ship to another that isn't. For now BTC rules the roost, but that will not be the case forever, at least not at the current levels of market dominance.