Seth Benton
1 min readJul 10, 2019

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While an interesting starting point, a big assumption here is that pools act as a single entity. When in reality most pools are composed of a large number of smaller miners. Inside each pool, there could be large miners dominating (i.e. another Pareto distribution), but if a large pool was seen to be acting against the network, we can assume many in that pool will move to another pool, as there is competition and aligned economic incentives across the majority of miners.

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