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Bitcoin's entire value proposition rests of censorship-resistance, which can only be guaranteed by decentralized miners competing to produce blocks. The current state of Bitcoin mining decentralization is, unfortunately, not great. Many large pools which were previously thought

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Runes significantly increased the transaction fees, so if anything, there was an increase in the hash price in the first 24-30 hours [after halving]. Since then, we’ve seen transaction fees come down, but compared to the average fees in 2023, they’re still pretty high. #Runes

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