Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by polynomial on Monday July 05, 2021 @11:09AM
(#27738741)
> Why should the least well off in society be part of a crypto-coin whose supply has been given to early adopters and insiders?
Just taking a stab at it, maybe bc we haven't come up with a notion of how a viable crypto-coin could be started by the least well off, who are -by definition- at a competitive disadvantage in launching successful projects.
I'm not saying it's an impossible problem, just that these systems tend to be driven by economies of scale, whether it's new/disruptive, or the product of an older, more established regime.
And to be clear, I am not suggesting this with the finality of a foregone conclusion, but merely thinking aloud about the dynamic of the underlying problem.
Just taking a stab at it, maybe bc we haven't come up with a notion of how a viable crypto-coin could be started by the least well off, who are -by definition- at a competitive disadvantage in launching successful projects.
I'm not saying it's an impossible problem, just that these systems tend to be driven by economies of scale, whether it's new/disruptive, or the product of an older, more established regime.
And to be clear, I am not suggesting this with the finality of a foregone conclusion, but merely thinking aloud about the dynamic of the underlying problem.