Re: I've come full circle, BTC is the only worthwhile cryptocurrency
I wonder, if you will feel the same way , if bitcoin only goes down in price from now on.
PoW aka Proof of Waste has too many failures to be sustained in the long run.
And you are depending on thetop 4 mining pool operators, they are all that stands between you and a daily 51% attack.
Scratch that the Top 3 mining pool operators now hold ~56% combined.
https://www.blockchain.com/en/pools
So 3 guys now control bitcoin fate.
and #1 is listed as unknown, so it might really be only 2 guys.
PoW aka Proof of Waste has too many failures to be sustained in the long run.
And you are depending on the
Scratch that the Top 3 mining pool operators now hold ~56% combined.
https://www.blockchain.com/en/pools
So 3 guys now control bitcoin fate.
and #1 is listed as unknown, so it might really be only 2 guys.