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0 pointsseanwilson8y ago0 comments

> It was not predicted in the original Bitcoin whitepaper.

> Every decentralized protocol suffers from unintended centralization caused by economics.

> That's why protocols consolidate towards big players in a power law distribution.

Hmm, given the amount of foresight in the original whitepaper I'm surprised the current situation wasn't predicted especially if it's common with other protocols that are intended to be decentralized.

0 comments

dyeje8y ago

It could have been foreseen and omitted. We still don't know who Satoshi is or what their motivations are.

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0 pointsseanwilson8y ago0 comments

> It was not predicted in the original Bitcoin whitepaper.

> Every decentralized protocol suffers from unintended centralization caused by economics.

> That's why protocols consolidate towards big players in a power law distribution.

0 comments

dyeje8y ago

It could have been foreseen and omitted. We still don't know who Satoshi is or what their motivations are.

j / k navigate · click thread line to collapse