Post
Topic
Board Announcements (Altcoins)
Re: [IoP] Fermat presents the Internet of People App Token
by
Luis-Fernando-Molina
on 26/12/2016, 10:15:51 UTC
I've tried to promote this my miner friends but the complication of mining license made them turn down his offer,he thinks it limited is to those privilege ones something of a politics involve here,there were a lot of better coin to mine and usually dev's wants people to mine his coin,not the other way around.

The Licencing Scheme for mining is a way to prevent centralization as in bitcoin. Take a look at this:

https://medium.com/@luisfernandomolina/bitcoin-was-not-hacked-but-gamed-ab67020e0b74#.7zwrq1bv3

It is not about convinience for devs or about politics. If anybody can mine in any amount, you end up with all the mining in the hands of a few, instead spread across the users of the system as Satoshi expected.