Post
Topic
Board Bitcoin Discussion
Re: Annual 10% bitcoin dividends if mining were Proof-of-Stake
by
cbeast
on 24/04/2014, 15:42:18 UTC

Here is infamous mining equipment manufacturer kncminer. This is a single miner in the Unknown pie slice chart whose ambition is to compete with customers still waiting for paid-for equipment. Proof-of-Work manifestly encourages bad behavior.

It also encourages competition. This sort of bad behavior only exists in a monopoly and may be actionable. Certainly such bad behavior will not be forgotten, excused, nor forgiven.