Re:Bill Gates Says that Bitcoin is bad For the Planet
by GordonS on Monday March 08, 2021 @02:08PM
(#26390091)
Surely proof of work also requires trust in a group of miners, trusting that 51% of them don't collude?
As mining complexity grows, surely this problem is only exasperated, since you need a bigger investment to be able to mine effectively, which would presumably result in an even smaller group of more powerful miners?
As mining complexity grows, surely this problem is only exasperated, since you need a bigger investment to be able to mine effectively, which would presumably result in an even smaller group of more powerful miners?