"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?
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?
Bitcoin mining will use itself up after a while because Bitcoin has a mining limit. Bitcoin is the top coin because of self-confidence, but not because of all of Satoshi's principles, his system isn't perfect. If you want something better use altcoins