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...it goes away as momentum builds and everyone gets interested...and then it comes roaring right back as the economics of mining favour concentration.



I agree, that is why another area of interest is figuring out a way to discourage or eliminate mining pools.

Both this and bootstrapping are discussed at length in this free book from Princeton:

https://freedom-to-tinker.com/2016/02/09/the-princeton-bitco...




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