Perhaps - whilst a lot more miners are part of mining pools giving the appearance of centralization, they are still separate and individual entities. Basically, we should see independent miners pop up wherever energy can be most efficiently harvested. Lets see. Its an interesting area keep an eye on.
Efficiency looks for centralisation. I have no problem with this but the BTC maxis do.
The reality is after China left mining the Us went from 3% to 35% hash rate. Only Russia is left keeping the US from likely having total control of the network.
But if number goes up, nobody really cares about their privacy. If Russia are squeezed out then it’s going to be interesting what the US govt do once they own the network. Hence I think the narrative is the US will peg to BTC the new world Reserve currency is one the masses will accept if this happens and rally behind it.
Again, I couldn’t care less, send the number up lol. But anyone who cares for privacy I am saying if they hold BTC they are lying, they only care about number up otherwise you’d use cash.