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> a permission-less censorship-resistant decentralized financial system has the potential to truly improve society It is dependent on a huge amount of cheap en
by walterstucco 9y ago
> a permission-less censorship-resistant decentralized financial system has the potential to truly improve society
It is dependent on a huge amount of cheap energy
I wouldn't call it censorship resistant yet
Raise the cost of the energy and only the ones with deep pockets can decide what is true
- chillingeffect 9y agoThis comment led me to compare crypto mining with the American Gold Rush in the 1800s. An intriguing difference might at least some miners struck it big due after finding huge geographical deposits of gold. In cryptocoins, though, the flatter distribution of the space means people tend to get out what they put in.