It has never been clearer why ASIC resistant coins are the way to go.This is just another step towards Stalinism and away from Satoshis original idea; if miners need to KYC there is no point in crypto anymore.
Yeah, thats why I keep saying to people in the forum to support Burst and Proof of Capacity. Its going to show the community in general that mining using your hard drives is the real democratic way to mine a cryptocurrency because the hardware is cheap and easily bought for everyone.
If you dont like Burst, theres a new cryptocurrency called Chia by Bram Cohen which has the same idea almost.
