Search


	Podcast:		The Bitcoin Podcast Network
	Episode:		TBP53 - Tough Math
	Category:		Business
	Duration:		01:24:59
	Publish Date:		2016-04-18 02:00:00
	Description:		This week we get James D'Angelo in the studio to explore his new data and stance that miners are in trouble. His math holds up though and we find out the problem with proof of work is that it is completely mistaken. Satoshi made a fundamental mistake and we're just going to have to get over it. And his mistake was right there in the whitepaper; it says, "one CPU is one vote". What we really have to come to terms with is it's basically centralized from the very day in 2012 when there was a high number of miners and ASICs came in and mining started to centralize. And it's centralizing exponentially; we don't know the numbers but I think almost everyone can feel it.
	Total Play:		0

Users also like

80+ Episodes

This Week in .. 7