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In addition to the other comments, why would you start investing computing power (and therefore money) in a 'currency' that is centrally controleld. Just to 'ta
by the_duke 10y ago
In addition to the other comments, why would you start investing computing power (and therefore money) in a 'currency' that is centrally controleld. Just to 'take away said control'? There's no motivation for that.
- meanduck 10y agoTo make it more decenteralised. Cryptocurrency without enough participents actively voting with their computational power is not a cryptocurrency and will have none of the improvements over fiat currency. Bitcoin might have 51% dishonest problem but it can be made honest again by increasing total computation. Whether 51% are honest or not is function of total computation power [TCP]. Probablity of 51% being honest goes to 1 as TCP goes to infinity.
- the_duke 10y agoYes, I understood your reasoning. My point was, only very few people are about something like this.