Yep, the Monero devs are very much dedicated to "egalitarian mining", which I think gets closer to Satoshi's original intent,[1][2] and makes something like javascript browser-based mining possible, which then opens up an entire new set of ethical concerns, even if it's a tiny step towards fair hashrate distribution. [3][4]
What are the other options? POS coins take very little energy, but "the rich get richer", and the more coin you have, the more you stake, etc. Not very egalitarian either. Or some insta-premine like Ripple, where I just make a bajillion tokens out of thin air and then start selling them for a tenth of a cent each? Neither of those seem like better distribution schemes to me. So, how do we get newly mined coins into as many hands as possible?
Definitely an interesting conundrum.
- krt
I think it is safe to say that cryptocurrencies aren't very feasible right now.
My thoughts are: Liberapay is a good idea,
I don't know if anything else is anywhere near as good.
[1] https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html [2] https://cointelegraph.com/news/bitmain-announces-new-monero-mining-antminer-... [3] https://arxiv.org/pdf/1803.02887.pdf [4] https://www.theregister.co.uk/2018/02/27/ethical_coinhive/
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