"Proof-of-work is essentially one-CPU-one-vote."
Satoshi nakamoto
As we all know, mining is now completely centralized. Big money buys expensive equipment in the form of ASIC / GPU / FPGA devices and deprives everyone else of the right to participate in the issue of cryptocurrencies.
Questions:
Does the modern cryptocurrency community need this principle of Satoshi Nakamoto?
Maybe it's time to abandon it and admit that ONLY money should always release new money?
No they don't need all of Satoshi's principles, his system isn't perfect, no system is. Bitcoin wasn't designed to last forever, it was a proof of concept for Blockchain, and an alternative financial system to traditional banking, why do you think the entire project is open source?Satoshi nakamoto
As we all know, mining is now completely centralized. Big money buys expensive equipment in the form of ASIC / GPU / FPGA devices and deprives everyone else of the right to participate in the issue of cryptocurrencies.
Questions:
Does the modern cryptocurrency community need this principle of Satoshi Nakamoto?
Maybe it's time to abandon it and admit that ONLY money should always release new money?
It's open source so that others can build upon or off Blockchain and Bitcoin protocol, to enhance it and add to it, making it better. Bitcoin is only the prototype protocol. There are better Blockchains and cryptocurrencies on the market.