Pretty Solid Call https://twitter.com/MustStopMurad/status/1044657418179923969 …
-
-
If Bitcoin is ultimate Capitalism, then How are all global miners of varying skills still compensated exactly the same for the same amount of output??? Shouldn't the protocol negotiate against miners to minimize it's costs for labor?
-
but miners aren’t compensated the same... they have differing profit margins based on the quality of their hardware, the way they set up the farms, the way they negotiate their costs, etc.
-
understand but compensation is not negotiated from protocol perspective Take nuances of hardware, etc put that aside Assume any 2 miners seeking reward Why doesn't network negotiate downward re: amounts distributed? Any System that's automated is intrinsically anti-capitalist
-
There is no contradiction, the more capable miner will receive a greater % of the reward. Miners mine voluntarily and self-select themselves to partake in this activity, there is nothing unfree here at all. They make economic calculations and make a choice.
End of conversation
New conversation -
-
-
Notice I'm not arguing the bitcoin Maximalist Hegemony I envision superior Cryptograpic Founded Currencies with much more agile governance models And more energy efficient infrastructure. Think 50-100 years ahead... Not just 4-7
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
