Re:Speculation About The Eventual Death Of Bitcoin
by yellowapple on Wednesday May 20, 2015 @09:00PM
(#9580397)
I think the parent commenter's point was that Bitcoin was billed as a solution to the problem of the few holding most of the money, yet has appeared to fail in that regard, and continues to fail as mining is increasingly inaccessible to all but those who are sufficiently wealthy to afford warehouses full of state-of-the-art ASICs.
This isn't to say that Bitcoin hasn't succeeded in a lot of fronts. Just that one of the key fronts - one of equal ownership of the money supply - hasn't been quite as successful as others.
This isn't to say that Bitcoin hasn't succeeded in a lot of fronts. Just that one of the key fronts - one of equal ownership of the money supply - hasn't been quite as successful as others.