> Reducing the level of consensus required sounds dodgy though
Due to extreme mining centralisation you have not one but four pools with more than 10% hashrate share who can single-handedly veto any protocol level change. This was not the case in 2017 and 2021, therefore the bar was considerably higher.
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With the threshold so close to 50% though there is a risk of a fork and eventual loss of funds for everyone on the losing side of the fork?