Post
Topic
Board Bitcoin Discussion
Re: Who needs Satoshi Nakamoto principles?
by
flamehowk
on 09/12/2019, 17:20:53 UTC
the problem is that you are  confusing bitcoin with some sort of charity which it is supposed to let anybody earn it for free without any "work".
And what kind of work was done by those who today contain the largest mining power? Did you buy or mine Bitcoin on time when it wasn’t worth anything? Is that the whole point?
Do not be fooled - this is not a "work". I have 18 years of experience in quarries - I know what real work is!

not to mention that whether or not some poor people can mine bitcoin or not has NOTHING to do with centralization of mining and "satoshi principles" that you are talking about here.... and that was my point.
This is what is at stake. I can show you billions of people who cannot mine Bitcoin. And they never will can, because they do not have money to buy a miner.
Do you think that they do not have the right to do this because they are poor? But many who became rich on Bitcoin in 2011 - 2017 were also once poor. According to your words, it turns out that they did not have the right to mine Bitcoin and become rich.
Therefore, your views are contradictory and not sincere.

@OP i have no idea what Satoshi would have done if he knew that ASIC machines will be rule the mining industry and hence i cannot make a comment on that but my concept is that they are helping the network against attacks and that is the important thing in my view.
If ordinary computers (CPUs) will work in the network and there will be many of them, then they will also perfectly protect the network. But then they will not devour 8% of ALL electricity on Earth!