LogicallyMinded on Nostr: But wouldn’t the fact that mining is more accessible also enables a higher degree ...

But wouldn’t the fact that mining is more accessible also enables a higher degree of response from users in case of an attack on the network? I feel that Bitcoin security now strongly relies on large actors (mostly state powers with divergent interests) that are involved in mining as more and more of the smaller miners can’t stay in business (and I don’t see the trend reversing). I don’t think an attack on #Bitcoin mining is practical but I don’t think it is on #Monero either. Still it’s concerning that half of the hashpower is now KYCed. It seems that this could be used to influence the outcome of a contentious fork. I don’t think miners are going to be as free to support an upgrade that would go against the interests of the state for which they had KYCed. Also, Bitcoin is all about access to cheap energy which is certainly an area in which state actors are going to outcompeted independent actors so again, the security increasingly relies on actors having divergent interests on the future of Bitcoin. CPU is a highly available commodity to consumers so as long as RandomX isn’t cracked, there is a case to be made that Monero mining is actually more secured in the long run.