Op, what do you mean by wake up and do the right thing, i know there is a risk of centralization when few pools control most of the hashrate and now their rewards is stored in a custodial service. But i don't see any reason to press the panic button yet, BTC is still decentralized, and the custodial service cannot control the network just because they have a large amount of BTC's. BTC can only be centralized and pro censorship if most pools start blacklisting addresses and censoring utxo's, but i don't think that is likely to happen.
Look. There are centralization in many ways, among which the mining centralization is the worst one. And this is where we are exactly heading. Very sad. 
Topic: If this doesn't wake you up and make you do the RIGHT thing... - page 2. (Read 364 times)
Another interesting observation by one of the users is that the pools started doing this in November to January [3] so it's likely either miners selling bitcoins to prep their post-halving warchests, feeding the ETFs or both.
Bitcoin miners had to sell considerable bitcoins before the halving actually are not big miners. They did not do anything wrong because with their financial budget, not deep enough, they must to balance it to keep their mining operations continue after the halving.In contrast, if a Bitcoin mining farm is big and has good financial budget for their mining operation, they will keep their bitcoins and wait for higher price after the halving. Selling bitcoins like this will not help them to maximize their mining business but nothing is right or wrong, it depends on their business model and finance they have.
After the Bitcoin halving, if price won't rise quickly, small Bitcoin mining farms will have to stop their mining because they will get negative net mining income. The rich will get richer and big Bitcoin mining farms will get richer with halving effects.
This as well also tells me that bitcoin network is gaining more power and adoption the more, so that all of us will understand and learn the way we can have our digital asset with us in our custody than when on a centralized exchange, not your keys and it simply implies not your coin,
A custodial service controls the mining rewards of 9 different pools, that is the point here, it has nothing to do with 'power' and 'adoption', and how exactly does using a custodial service teach people about self custody. Op, what do you mean by wake up and do the right thing, i know there is a risk of centralization when few pools control most of the hashrate and now their rewards is stored in a custodial service. But i don't see any reason to press the panic button yet, BTC is still decentralized, and the custodial service cannot control the network just because they have a large amount of BTC's. BTC can only be centralized and pro censorship if most pools start blacklisting addresses and censoring utxo's, but i don't think that is likely to happen.
Another interesting observation by one of the users is that the pools started doing this in November to January [3] so it's likely either miners selling bitcoins to prep their post-halving warchests, feeding the ETFs or both.
I like to lean on the fact that it's the reason why miners are doing this, definitely pumping their warchest as you like to call it, there's no way that it's a nonsense thing what they're doing, I mean every actions got meaning right? I don't know about ETFs though, I'm sure they're leaning more towards bitcoin than ETFs. I don't even see what's being pointed by OP in the post, it's PoW not PoS so they're not that easily controlled by Coinbase even if they're all consolidated together, bitcoin is and will always be about freedom, no doubts about it.
This as well also tells me that bitcoin network is gaining more power and adoption the more, so that all of us will understand and learn the way we can have our digital asset with us in our custody than when on a centralized exchange, not your keys and it simply implies not your coin, once you're making the right application and use of non custodial means, then i don't see a reason why we should fear for any unnecessary demand with what others are doing, they cant centralized bitcoin, this is for sure.
It tells me that I'm really glad that Bitcoin is running on PoW rather than PoS, because otherwise it might be really worrying that a lot of miners are using the same custodial service (which according to the Twitter thread, seems to be Cobo [1][2]).
Another interesting observation by one of the users is that the pools started doing this in November to January [3] so it's likely either miners selling bitcoins to prep their post-halving warchests, feeding the ETFs or both.
[1] https://twitter.com/mononautical/status/1777690549161443355
[2] https://support.cobo.com/hc/en-us/articles/4409189104279-Cobo-Asia-Pacific-s-Largest-Crypto-Custody-and-Asset-Management-Platform-Secures-US-40-Million-Series-B-Fundraising-for-DaaS
[3] https://twitter.com/ProfEduStream/status/1778021757149999252
Another interesting observation by one of the users is that the pools started doing this in November to January [3] so it's likely either miners selling bitcoins to prep their post-halving warchests, feeding the ETFs or both.
[1] https://twitter.com/mononautical/status/1777690549161443355
[2] https://support.cobo.com/hc/en-us/articles/4409189104279-Cobo-Asia-Pacific-s-Largest-Crypto-Custody-and-Asset-Management-Platform-Secures-US-40-Million-Series-B-Fundraising-for-DaaS
[3] https://twitter.com/ProfEduStream/status/1778021757149999252
What does this tell you?
https://mempool.space/tx/b1dc9e09a97d0ac8ed57179c276dff19d484c1f74b96cd9af547107af4f18086
https://mempool.space/tx/b1dc9e09a97d0ac8ed57179c276dff19d484c1f74b96cd9af547107af4f18086
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