Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Who needs Satoshi Nakamoto principles?
by
flamehowk
on 10/12/2019, 08:44:21 UTC
⭐ Merited by IadixDev (1)
I get what you're saying, but bitcoin wasn't created to move wealth from the rich to the poor. Whatever we do, people with more wealth will almost always have more opportunities. Found some opportunity to make more money? You bet they're going to grab that opportunity; and yes it applies with bitcoin mining. And not only with bitcoin, but with other cryptocurrencies too; and not only that, it's the same even with proof of stake!
Am I talking about taking money from the rich and giving it to the poor? No, I'm just saying that the poor must have a real opportunity to mine the cryptocurrency.
I’m not even saying that the rich could not mine anymore. Let thousands of computers buy and mine a lot of coins. But let the poor have the opportunity to mine at least what a single computer or smartphone that a poor person, or a poor family, can buy.

Can't you see what is happening now? Now the problem is that poor people can’t mine at all. A rich person just buys a miner and he already has a lot of cryptocurrencies. And the poor man cannot mine it, he can only buy it from the rich. And buy at the price that rich people put up on the crypto exchange. And they act in collusion and regulate prices in such a way as to extract everything from the poor to the last penny.

Don't you understand what I was talking about?

What is wrong with having a poor person mine cryptocurrency?
For example, I am poor. I have an incentive to do something useful. I have many inventions that I cannot realize because I am poor and rich people do not want to invest in high technology - they are looking for financial pyramids and various fraudulent projects with expensive advertising.
What will be bad if I can mine coins, which will bring me a little income, and at the same time, I can do development work useful for all people?
And now I do not have such an opportunity. I have to work stupid and hard work all day to earn a piece of bread. As a result, no one benefits from what I do.

Now ask yourself - will a rich person engage in development that is useful to all of humanity? To invent? Come up with? To create?
Not! He has no incentive. He is rich without it. He has everything. He only wants more money, but he does not want to create, to invent, to develop something.

But doesn’t it become better for rich people to live if poor people come up with something new? Why don't the rich allow the poor to at least slightly weaken the slave chain so that poor people can do more good for everyone?