Despite their claims, @Blockstream@twitter.com's hosted mining services are absolutely a centralisation risk, just like any other hosted mining.

If you're going to buy hosted mining anyway, pick a small-hashrate company to provide it, but don't fool yourself into thinking it's comparable to actually mining yourself.

(BetterHash only helps when you physically control the hardware.)

@lukedashjr Hold on there. If its a centralization risk, then why recommend a smaller centralization risk? Betterhash is important. Yes, everyone should run a node. Most don't. We're in a transitional phase where its still being bootstrapped. Your argument reminds me of a lot of no-coiners that don't like Bitcoin because to them it "Fails" due to unrealistic expectations. Is there a technical incentive/solution? More code, less complaining.

@TallTim @lukedashjr luke always looks for extreme cases, its kinda his job. What you’re saying and what he’s saying are not contradictory. Ofc self held miners are perfect and ofc betterhash is better than current pool system.

@vbhide @lukedashjr I get annoyed when I see someone who is technically proficient offering criticisms without offering any incentives/solutions. I prefer balance in that regard. While Betterhash is a good step, perhaps there are other avenues for incentivizing less pool activity.