Re:Bitcoin mining and energy consumption
by seanwilson on Friday December 08, 2017 @09:20AM
(#15878733)
> It was not predicted in the original Bitcoin whitepaper.
> Every decentralized protocol suffers from unintended centralization caused by economics.
> That's why protocols consolidate towards big players in a power law distribution.
Hmm, given the amount of foresight in the original whitepaper I'm surprised the current situation wasn't predicted especially if it's common with other protocols that are intended to be decentralized.
> Every decentralized protocol suffers from unintended centralization caused by economics.
> That's why protocols consolidate towards big players in a power law distribution.
Hmm, given the amount of foresight in the original whitepaper I'm surprised the current situation wasn't predicted especially if it's common with other protocols that are intended to be decentralized.