One way to look at PoW is to view it as an extortion racket by miners where you have to pay an ever more centralizing set increasing amounts to not attack you.https://www.bloomberg.com/news/articles/2020-01-31/bitcoin-s-network-operations-are-controlled-by-five-companies …
-
-
Odgovor korisniku/ci @el33th4xor
But it still doesn't work. What is to stop a super wealthy entity, or group, from taking the majority of the hashrate and proving that PoW doesn't work? PoW is inherently centralized, and it's only store of value is how it wastes electricity. I can't wait for PoW to go away.
1 reply 0 proslijeđenih tweetova 6 korisnika označava da im se sviđa
Odgovor korisnicima @ObservantOne13 @el33th4xor
The thing is that I have never seen a good scientific argument suggesting that PoW works e.g. leads to decentralization. It seems to be assumed since the beginning. That's silly.
04:50 - 1. velj 2020.
0 replies
0 proslijeđenih tweetova
4 korisnika označavaju da im se sviđa
Čini se da učitavanje traje već neko vrijeme.
Twitter je možda preopterećen ili ima kratkotrajnih poteškoća u radu. Pokušajte ponovno ili potražite dodatne informacije u odjeljku Status Twittera.