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I meant that the variation in electricity costs harms the reputation of the blockchain. Work needs to be approximately the same difficulty for everyone.
by xapata 9y ago
I meant that the variation in electricity costs harms the reputation of the blockchain. Work needs to be approximately the same difficulty for everyone.
- nosuchthing 9y agoWork needs to be approximately the same difficulty for everyone Unfortunately the main design and math of of Satoshi's PoW means that users who ran the BTC software app 2009-2014 worked far far far less and spent much less CAPEX and OPEX to generate the majority of BTC that will ever exist.
- xapata 9y agoSorry, more clarification -- same difficulty at roughly the same time, not same difficulty across time. Edit: It seems this thread has gone off on a tangent. I was adding to the discussion of flawed assumptions, not ethics.
- nosuchthing 9y agoWhy not the same difficulty across time to give all users equal fair access? Perhaps it would diminish the ability for early users to extract wealth and capital from later users?