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by nosuchthing
3014 days ago
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Cognitive dissonance among Bitcoin minimalists is quiet amusing. You think Bitcoin is good but fear Litecoin for creating a new alternative system? You think deregulating into a anarcho-capitalist deflationary market is good, but then complain when someone does something you don't agree with? but proof of stake, unfortunately, results in all rewards
to creators and an unsatisfying amount of control among
people where distribution was guaranteed for no "work".
Apparently you haven't bothered to look at how Bitcoin is created? The supply is generated in such a way that a small group of users spent minimal work (CAPEX+OPEX) to generate the majority of the supply. All "rewards" of the supply went to the smallest population of the world. Satoshi just created a new system for oligarchical wealth extraction. |
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Your other crticism of maximalists fearing an alternative, this is really just BS. I will gladly tell you (as many maximalists will) that Monero is actually better on most fronts that Bitcoin tries to win on. Scalability is really the only thing it leads on, and this is not out of the realms of possibility for Monero. So you can choose your oligarchs, and you can choose how they are constrained. Hopefully your community will grow such that you all benefit.