Part 11/14:
The ideal, according to the panel, is widespread global distribution of miners. Energy markets and regulatory climates will influence this, but history indicates that miners tend to relocate when under pressure, ensuring some level of distribution persists.
The overarching message is that vigilance over these choke points is necessary but remains manageable given Bitcoin’s historical resilience.
Scaling Bitcoin and the Lightning Network
Scaling is framed as both a technical challenge and a matter of defining success. While Lightning Network is praised as a solution facilitating fast, low-cost transfers, critics point out that it still faces challenges with on-chain activity and usability.