Re: Bitcoin trades the inequity of dynastic power for the inequity of early adoption

Those calculations are how the network works, chief, and you can't get rid of them.

It turns out that's not really true. The calculations are pretty pointless now. Except as a really expensive random number generator.

[EDIT]

I wrote on this last night.
https://bitcointalk.org/index.php?topic=174378.msg1826040#msg1826040