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How is it the same seat? The creation of new coins is ruled by algorithms, not by well connected people.
by borissk 3y ago
How is it the same seat? The creation of new coins is ruled by algorithms, not by well connected people.
- chii 3y ago> ruled by algorithms, not by well connected people. the earlier coiners gets a lot more. Just like today's financial institutions have gotten there by just being around early enough to have captured a lot more. All i see in bitcoin (and etherium) are just people who wish they were those old bankers.
- pjc50 3y agoAnyone can create a new coin and rugpull it. This is not an improvement.
- UncleMeat 3y agoAnd those algorithms are largely driven by well connected people.