Re:What Satoshi Did Not Know (2015) [pdf]
by SquishyPanda23 on Friday September 04, 2020 @05:03PM
(#24378870)
Of course he foresaw that.
You can exchange money for CPUs, so the system was built so that those with more money have more influence over the blockchain.
The idea of votes being proportional to the dollars you control is very popular in some circles.
In contrast, one-person-one-vote systems tend to create regulation for financial institutions, which is something crypto currencies often like to avoid.
You can exchange money for CPUs, so the system was built so that those with more money have more influence over the blockchain.
The idea of votes being proportional to the dollars you control is very popular in some circles.
In contrast, one-person-one-vote systems tend to create regulation for financial institutions, which is something crypto currencies often like to avoid.