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Does anyone here think the original creator(s) of BitCoin ever forsaw this happening?
If not, how do you think they feel about it?
I, for one, welcome our new miner overlords.If not, how do you think they feel about it?
This is the beginning of the end for bitcoins. Those who control the mining control the coins. If you're a big enough fan you'll probably be able to convince yourself that it's still better than normal fiat money, but the average person won't.
Do you think people are just going to sit idly by with this newfound information, and all the people "in-the-know" are going to huddle together and laugh maliciously at taking over bitcoin? Hell no, there going to start competing amongst themselves! And let them! Let bitcoin go huge, let people put big money into it! Why? Because they'll be the ones with the biggest interest to advance it, to market it, and to incorporate it into a reasonable currency.
No, people always go a little crazy when power appears to be consolidating, but don't underestimate the free market my friend. We're all competitive, and I can only hope that someday, engineers are being hired to develop for bitcoin, research bitcoin mining, and market for bitcoin.
EDIT: I love what I see here. Lots of smart people huddling together attempting to open-source the new idea. I'm continuing on my GPU mining route (as a programmer), but I may become obsolete by the time I finish! That's technology for you!
EDIT2: Ok, some of you now have me concerned. :tinhat: I still don't expect 50%+ ownership by any single entity however
