There is always some type of tradeoff being made. A lower cost to consumers can be at the expense of lower profit margins to the company, i.e., lower employee pay. Not clear to me if that’s a net win for society. But hey, progress for the sake of progress is good right!
-
-
And surely, whatever that solution would be, it's *not* PoS.
-
FWIW, Satoshi couldn't foresee how much mining would centralize (the "one CPU, one vote" dream). It's possible that *nothing is safe from centralization forces*.
-
Maybe the best we could do as a community, is to keep the barrier-to-entry as low as possible for mining. And hope that a competitive industry will keep centralization forces in check.
- 1 more reply
New conversation -
-
-
False binary. The issue isn't that it gravitates towards centralization. The question is *degree.*
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.
