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RE: Fully Enjoy This Moment!

in #joy7 years ago

I do have to say that mining fairly honestly is not a thing anymore. Unless you have some serious hardware your not going to end up mining anything which ends up leaving it to a few core power users, business, governments which is the part that worries me at the moment. If everyone with a CPU or video card could mine at at a profit then that would decentralize everything more.

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True but it still infinitely better than fiat-money.

Given how it has gone so far, I don't think this will be possible for Bitcoin unfortunately. What comes to mind though, is how Ethereum said is built to be resistant to people with ASIC's. While Bitcoin may still be vulnerable, it is some consolation that what could be the future of legal and interpersonal contract enforcement would be resistant. Any thoughts on how Bitcoin could be made easier for the majority to mine in a way that does not change the whole system?

Anyone who thinks governments are not mining are fooling themselves too. They have the processing power and have us paying their electrical bill.

That's correct.