Post
Topic
Board Bitcoin Discussion
Re: I no longer consider bitcoin as a decentralized currency...
by
RodeoX
on 24/04/2014, 13:52:52 UTC
Bitcoin is a level playing field, but it is not a giveaway. You could also have taken the risk of starting your own data center. There is nothing unfair about it. Those who go big face greater risk but may realize greater profit. If you don't like the idea of true competition we could fork the chain and say all miners must buy a permit that rations the hashing power of the network. Is that a better idea? I don't think so.
Our current system does not care who you are, only what resources you bring to the network. The more you work and invest in equiptment the more you are likely to be successfull. This was an issue when CPU mining went away. Some people argued that it woud "kill" bitcoin because only rich kids with fancy gaming PCs would be profitable.

For me the bottom line is that bitcoin is a logical payment system, not a get rich quick scheme. The honey badger does not give a shit about us and our ambitions. It seeks only to grow stronger