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@bascule ("Tony “Abolish ICE” Arcieri 🦀") wrote:
"Surely there's no capex involved in building a Bitcoin mining operation!"
In reply to:
@moneyball ("Steve Lee") wrote:
PoW is fundamentally more decentralized and censorship-resistant than PoS. With PoW, cheap energy is the strongest determining factor in participating in transaction selection. With PoS, wealth is the determining factor. Cheap energy is far more distributed than wealth.