Post
Topic
Board Bitcoin Discussion
Re: Why Do People Believe Bitcoin Will Replace Fiat?
by
Orjaner
on 31/08/2014, 20:45:56 UTC
Mining isnt about processing transactions, it is about fairly distributing coins and preventing anyone from cornering the market.

How does mining accomplish this? Last I checked most coins are falling into the hands of financially well off miners with huge mining farms. Massive capital investments are now needed to run a profit mining, it's a system that only allows the rich to become richer.