Ah; but the way that mining is incentivized makes mining pools almost required to spread out the risk sufficiently as the amount of discoverable blocks shrink over time.
IMO this is the critical flaw in any cryptocurrency. Hell, it's the entire reason we don't elect our politicians directly: sometimes a thin majority has intentions that directly endanger the whole. You need some out-of-band checks and balances to protect against bad actors and moral hazard or else people will never adopt the system in large numbers.
IMO this is the critical flaw in any cryptocurrency. Hell, it's the entire reason we don't elect our politicians directly: sometimes a thin majority has intentions that directly endanger the whole. You need some out-of-band checks and balances to protect against bad actors and moral hazard or else people will never adopt the system in large numbers.