rustinmyeye on Nostr: Ah yeah I see, that cunt... Bad whales could appear anywhere, and even Bitcoin has ...
Ah yeah I see, that cunt...
Bad whales could appear anywhere, and even Bitcoin has its similar problems.
Open an permissionless is great, but its the wild west so its going to happen.
In my opinion the best way to fight back is with the proof of work algorithm itself. Any proof of work blockchain that can be mined with ASICs is a playground for whales.
I'm a big fan of ErgoPlatform (nprofile…dwzm) which used a AutolykosV2 algo for consensus which is ASIC resistant, so anyone can mine with consumer hardware. This means that it would be easier to take back control from whales.
Bad whales could appear anywhere, and even Bitcoin has its similar problems.
Open an permissionless is great, but its the wild west so its going to happen.
In my opinion the best way to fight back is with the proof of work algorithm itself. Any proof of work blockchain that can be mined with ASICs is a playground for whales.
I'm a big fan of ErgoPlatform (nprofile…dwzm) which used a AutolykosV2 algo for consensus which is ASIC resistant, so anyone can mine with consumer hardware. This means that it would be easier to take back control from whales.