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Nick Szaboยท 2025-10-04 05:01
Centralization Concerns - The core issue isn't faster block propagation itself, but the use of compact blocks as a centralization tool, potentially flipping the power dynamic between node runners and miners [1] - The industry expresses concern that conforming to miner policies for better compact block reconstruction centralizes the network, potentially diminishing the role of node runners [2] - The industry warns against adjusting node policies to chase what miners are putting in blocks, as it could justify spam and other undesirable activities [2] Network Governance and Miner Incentives - The decentralized P2P network of node runners should establish sound policies, and miners should be penalized for mining blocks that don't align with the majority of nodes [3] - Miners who align with the network's will (node runners) should benefit from faster block propagation, while those who go against it should face penalties like slower propagation [4] - The industry suggests that the current approach by Core developers is a departure from the established economics of the network, where node runners set policies [5]