Dear Satoshi,
I am a fan of your worldwide-popular, Bitcoin. In fact, I do a research about it. But the problem is, the deeper I dig, the more I get sad. I was thinking that you built the system to free us from the unfair traditional monetary system, whereas only a group of powerful people control money in the world, thus make us a slave. But then I realize that your system may become similar to the system you tried to beat.
Bitcoin network shows the greed of humanity. Through mining system, people are now trying to get profit as high as they can be. Therefore those who have money start to get into the system, built those massive server farms, and get more money than others. I know that you have thought of this could happen, but still, it reflects that we humans are so greedy. The higher hashrate they produce, the higher difficulty level will be, and the harder they get result. It means the lower hashrate they produce, the lower difficulty level will be, and they may get result easier. But I am sure that you have predicted this, am I wrong?
Satoshi, whoever you are, I hope you know what you created. Do not drag us into deeper slavery as the traditional monetary system has beaten us severe enough.
Be First to Comment