Re:Bill Gates Says that Bitcoin is bad For the Planet
by gnrlst on Monday March 08, 2021 @11:51AM
(#26387938)
You're right. But security today does not guarantee security tomorrow in a landscape where mining incentivizes economies of scale. The more mining power converges (as it is already doing), the more likely for a fewer entities to collude. While it may not be in their interest given their investment in the project, who says that a government or malicious actor might not?
Other coins might sound good on paper -- adding new features but introducing serious design errors that have yet to be discovered because they're not a big enough target.