Timeline for Is mining the unfair part of bitcoin in the same way banks (or rather, fractionary reserve systems) are to current monetary system?
Current License: CC BY-SA 3.0
10 events
| when toggle format | what | by | license | comment | |
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| Jan 27, 2013 at 13:00 | comment | added | Meni Rosenfeld | @knocte: It doesn't matter how the bitcoins are generated, someone with resources can just buy them all. Bitcoin mining is fair in that what you get is proportional to what you put in, nobody has special power. | |
| Jan 27, 2013 at 12:57 | comment | added | knocte | is bitcoin a religion for you already? WTF | |
| Jan 27, 2013 at 12:51 | comment | added | o0'. | 2) what's your point? what exactly are you asking? can you build an airplane without wings and without fuel? Yeah, maybe. So? | |
| Jan 27, 2013 at 12:49 | comment | added | o0'. | 1) you are comparing a barrier of entry of a few hundred dollars, to millions? really? | |
| Jan 27, 2013 at 12:48 | comment | added | knocte | 1) buying means again a barrier of entry, corporations can buy more stuff than you. 2) I'm not saying I would not need to invent everything from scratch. Don't know what part you don't understand. | |
| Jan 27, 2013 at 12:43 | comment | added | o0'. | 2) I'm sorry to repeat myself, but as I said no, "you would need to invent everything from scratch" | |
| Jan 27, 2013 at 12:42 | comment | added | o0'. | 1) no. As I said, anyone can buy the proper equipment, which by the way very soon will be ASICs instead of GPUs | |
| Jan 27, 2013 at 12:41 | comment | added | knocte | 2) I know that mining is the core of bitcoin, I don't want to modify bitcoin, I want to know if it would be possible to build something similar with its advantages but without this downside | |
| Jan 27, 2013 at 12:40 | comment | added | knocte | 1) I know that anyone can mine, but I guess that enterprises that build GPUs would have more chances to be the top miners, no? | |
| Jan 27, 2013 at 12:38 | history | answered | o0'. | CC BY-SA 3.0 |