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The article fails to answer the question, only comparing bitcoin to some other cryptocurrencies (non-PoW smart contract platforms), while calling all them shitc
by tromp 4y ago
The article fails to answer the question, only comparing bitcoin to some other cryptocurrencies (non-PoW smart contract platforms), while calling all them shitcoins.
> Why (Bitcoin Version): Because fiat money is deeply unfair and is changing in ways that directly threaten democracy and human rights.
Well, bitcoin money is unfair as well, concentrating wealth on early miners (including its creator).
Some other cryptocurrencies are designed to be just as decentralized as bitcoin while avoiding this unfairness by having a fixed block reward, i.e. purely linear emission, that grants no advantage to early miners/adopters.