News for hackers. Stuff that matters.

A comment on Wall Street rethinks blockchain projects as euphoria meets reality. Parent comment

Re:Wall Street rethinks blockchain projects as euphoria meet... by nosuchthing on Thursday March 29, 2018 @04:47PM (#16710890) 

  Work needs to be approximately the same difficulty for everyone
Unfortunately the main design and math of of Satoshi's PoW means that users who ran the BTC software app 2009-2014 worked far far far less and spent much less CAPEX and OPEX to generate the majority of BTC that will ever exist.
[ Parent | on HN ]
Re:Wall Street rethinks blockchain projects as euphoria meet... by xapata on Thursday March 29, 2018 @05:05PM (#16711010)
Sorry, more clarification -- same difficulty at roughly the same time, not same difficulty across time.

Edit: It seems this thread has gone off on a tangent. I was adding to the discussion of flawed assumptions, not ethics.

[ Parent | on HN ]
Re:Wall Street rethinks blockchain projects as euphoria meet... by nosuchthing on Thursday March 29, 2018 @05:40PM (#16711316)
Why not the same difficulty across time to give all users equal fair access?

Perhaps it would diminish the ability for early users to extract wealth and capital from later users?

[ Parent | on HN ]