Post
Topic
Board Bitcoin Discussion
Re: Who needs Satoshi Nakamoto principles?
by
shield132
on 10/12/2019, 21:22:07 UTC
Bitcoin was amazing years ago as everything until it gets abused, once it gets abused, it losts it's magic. In past bitcoin had very low fees, you could use exchanges and etc without KYC documents, mining was profitable at home, in overall everything was amazing, even anonymity (now they know more).
In overall money was always releasing money.

Quote
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.
it is not that expensive to need "big money". and nobody is preventing YOU from buying an ASIC and mining bitcoin with it. the only problem is that others who buy ASICs believe in bitcoin whereas YOU don't and because of that you don't want to make that kind of investment!
Buying 1-2 asic miner isn't that expensive but here he talks about mining farms, the ones which Bitmain and Bitfury has. Well, they deserve this at some point cause they invest in more researches to build better miners and in overall they create this miners. But I can't agree with you when you say that they believe in bitcoin, no man, they don't care about it, the only motive here is money that they can get with this business. There aren't bitcoin supporters.