Created
December 10, 2013 14:51
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Future of Bitcoin mining is specialized factories plugging chips in right after baking them. | |
These factories would work on the same profit margin as any other stable business. | |
Motivation to play honestly whould be right there: the value of produced bitcoins | |
is in their fungibility. Any censorship by the miners will be hurting them first. | |
And misbehaving miners are too easy to ostracize and drive out of business completely. | |
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