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by ooaa
1512 days ago
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> When alls said and done, the initial promise isn’t even kept, there’s very few “super miners” who if they worked together would be able to control the entire bitcoin economy, which is the situation with central banks.
There is no way to actually proof that. > You can see exactly what I mean when you look at Monero. Objectively Monero solves the problems with bitcoin, but because it’s very difficult to trade with (due to it being privacy focused and no exchange willing to trade it) the price is very stable, since it can’t easily be used for money laundering or scams due to it’s higher barrier to entry.
Monero has more privacy and with it come other problems. There could be someone mining 1000 Monero per second and no one would know because the ledger doesn't allow you to see who has how much. |
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> There is no way to actually proof that.
Every day it becomes more and more true; even if you can't prove that it's true now (which, it probably is true now) it will eventually be true, economic effects cause centralisation: https://www.nasdaq.com/articles/how-centralized-is-bitcoin-m...