Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin really still decentralized??
by
hv_
on 28/01/2020, 22:05:38 UTC
What is your thought about this??

* Bitcoin mining is not dead. Just may not be a good business for average Joe. And we get back to the greed part.

I have been working on finding a consensus algo that is easier to participate in mining.
Compared to the high threshold of Bitcoin mining, it may achieve market success.
It may be the fairest and easiest for "average Joe" if normal PC can be used for mining.
Do you have an idea for an algorithm with this characteristic?

One of the coins that you can participate these days with easy mining is ONION, with about 250 ONIONs or less you can PoS mine from your laptop or desktop computer. There are many other altcoins that will allow you to mine via PoS.

BTC might not be fully decentralized yet, but it is in the hands of people to bring back decentralization by using or helping decentralized exchanges, or supporting PoS in bitcoin if that is still possible to implement.




It depends on how it is finally governed and how open it is for any sort of regulated / compliant competition