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Antonopoulos: Centralization is already waning, on the subject of China, Antonopoulos said: The concentration of mining in China is a disadvantage for Chinese miners to because having too much mining in one place makes you susceptible to political coercion and extortion. In the end, Antonopoulos claimed that making changes to bitcoins PoW mechanism would be shooting bitcoin in the foot in order to really deal with the threat of centralization that is already waning. First, he suggested that changes to bitcoin PoW would devastate the security of the bitcoin network, and that all of the existing security investments in bitcoin would be wiped out, were talking several billion dollars of industrial scale infrastructure that secures bitcoin against various forms. First of all, Bitcoin uses two fundamental cryptographic systems in order to achieve its security. Theyre pretty cool and you can customize by size and color. All of this means you cant go back and look at keys that were addresses three years ago and simply crack them because you dont have the public keys. Cause the moment you use it on Bitcoin you announce to the world we have quantum cryptography that can break elliptic curve Guess what happens?
The Second Layer of Abstraction Will Help Until the Need to Upgrade. Centralization is a concern because it poses a number of risks to the network. The technical expert also details that Satoshis genius back in the day had preconceived plans on how to handle the issue of quantum computing. The simple answer. They let cities be bombed because they didnt have a good enough story of how they knew they were going to be bombed and so if they couldnt create a good enough story they could not risk revealing the most important secret they have. The interesting thing is what happens when that technology becomes commercially viable and more broadly available.
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