Small pools are dying...what do you think?

[nimrod]

@Klobbinger

There are no small pools in the target equilibrium state. Just k (almost) fully saturated pools.

Yep, that’s what we all agree on. That’s where we want to go. But with the way things are right now, we’re not heading that way.

@Klobbinger

This will ensure decentralization since a pool like 1pct won’t be able to have 10 pools with such a high pledge.

You probably haven’t seen this thread:

Running multiple pools is more profitable than just a single one -> this does not lead to true decentralization!

Dear community, many months ago, when I read a lot about Cardano’s design, the formulas, incentive system and how Cardano wants to accomplish true decentralization, I believed that especially the following two pool parameters will accomplish this: k = sets the number of desired pools a0 = motivates a single pool owner to use all his pledge for just 1 pool in order to increase the pool’s ROS Nowadays, young Cardano mainnet is converging towards a few people controlling most of the stake. It …

@Klobbinger

And if they have, fine, all the more incentive for them to keep the network alive and well.

A system that is dominated by and benefits only a select few, will not last very long. Just a few hundred years ago, monarchs and dictators ruled. How many of them do you see today who are still actually in power?

The remaining monarchs are now just serving as symbolic figureheads, unable to really exercise any power. And the remaining dictators aren’t exactly popular either. This is because we’ve all learned by now that the best way to move forward is to have more people work together.

The more participants there are who help maintain the network, the better. If we are to allow power and control of the network to be consolidated, we shouldn’t even be talking about a distributed/decentralized system in the first place.