Post
Topic
Board Mining (Altcoins)
Re: Proof of Stake Catching On!
by
TheRealSteve
on 30/05/2014, 12:48:06 UTC
The Bitcoin community seems unaware or apathetic to the impact that ASIC centralization has had. It has re-created the "1% vs. 99%" scenario...
Mostly apathetic, I suppose - especially when people start referring to ASICs as they are just a symptom, not a cause.  If it's the 1% who can afford high-end ASICs, then it's the same 1% who can afford a warehouse full of GPUs as long as it's profitable to do so.  Bitcoin (and other pure proof-of-work coins) is what it is, and it's unlikely to change any time soon.

But hey, that's what altcoins are for, right? Smiley

P.S. the links in your sig are all-but-one broken - stray character creeping into your URL tags