This article discusses the issue of bitcoin mining being dominated by a few large companies, creating an oligopoly. It also explores how proof-of-stake (PoS), which is often touted as a more eco-friendly alternative to proof-of-work (PoW), still has its own flaws and inequities. The author argues that aligning incentives between miners/validators and network users is crucial and proposes finding a sustainable way to turn mining into a non-zero-sum game. The article concludes by suggesting that the laws of economics and lessons from politics could offer insights into creating a fairer system for miners and validators.
AI Sentiment: Negative
