X on Nostr: You are calling bitcoin decentralized virtual crypto currency, but obvious problem is ...
You are calling bitcoin decentralized virtual crypto currency, but obvious problem is seeing that whole mining system is centralized and it critically depends on huge technical things that must be powered by electricity that is centralized system too. Bitcoin is moving into trap. Proof of work consensus is moving into trap. It is bullshit to tell that you can keep on renewables and your own sources, those big ones already have you in trap. Stories about decentralized bitcoin are just fairytales. Col delegated proof of stake consensus into mining pools would represent mamy times more protection for bitcoin than this, those like nodes would be able to run anywhere powered just by sun and 100% protected from censorship.
Published at
2023-08-15 04:51:48Event JSON
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"content": "You are calling bitcoin decentralized virtual crypto currency, but obvious problem is seeing that whole mining system is centralized and it critically depends on huge technical things that must be powered by electricity that is centralized system too. Bitcoin is moving into trap. Proof of work consensus is moving into trap. It is bullshit to tell that you can keep on renewables and your own sources, those big ones already have you in trap. Stories about decentralized bitcoin are just fairytales. Col delegated proof of stake consensus into mining pools would represent mamy times more protection for bitcoin than this, those like nodes would be able to run anywhere powered just by sun and 100% protected from censorship.",
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