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0 pointsshawabawa38y ago0 comments

> in order to participate in mining you need to spend thousands of dollars nowadays?

Because that has nothing to do with being permissionless?

0 comments

5 comments · 1 top-level

viach8y ago· 4 in thread

It depends on how do you define "permission". "Of course, you can join our club, it's free to join for everyone. Oh, small detail, the entry ticket is 100K$"

shawabawa3OP8y ago

A few problems with that analogy:

1) Mining isn't required to use the network

2) You don't have to pay any specific "club" to start mining. You need to be able to generate hashes efficiently, how you do that is up to you

3) It's still unrelated to what "permissionless" means in this case

"Permissionless Blockchains allow anyone to participate. The transactions are validated and processed by votes / consensus. A vote does not depend on having a prior identity of any kind within the ledger and no pre-existing trust is assumed between participating nodes."

viach8y ago

> 1) Mining isn't required to use the network

I define participate as "be able to mine and use the network". You can't do both for free anymore with Bitcoin.

> 2) You don't have to pay any specific "club" to start mining. You need to be able to generate hashes efficiently, how you do that is up to you

Sorry, but it sounds like "In order to learn how to fly you just have to flap your hands more efficiently, how you do that is up to you"

> 3) It's still unrelated to what "permissionless" means in this case

From your definition "Permissionless Blockchains allow anyone to participate". Okay, you can sort of participate in tsunami by jumping in the sea, but do you really do?

1 more reply

fiatjaf8y ago

Compare your example with: "You can't join our club."

viach8y ago

Realistically, there are no clubs you can't join if have enough money

j / k navigate · click thread line to collapse

0 comments

5 comments · 1 top-level

viach8y ago· 4 in thread

It depends on how do you define "permission". "Of course, you can join our club, it's free to join for everyone. Oh, small detail, the entry ticket is 100K$"

shawabawa3OP8y ago

A few problems with that analogy:

1) Mining isn't required to use the network

2) You don't have to pay any specific "club" to start mining. You need to be able to generate hashes efficiently, how you do that is up to you

3) It's still unrelated to what "permissionless" means in this case

"Permissionless Blockchains allow anyone to participate. The transactions are validated and processed by votes / consensus. A vote does not depend on having a prior identity of any kind within the ledger and no pre-existing trust is assumed between participating nodes."

viach8y ago

> 1) Mining isn't required to use the network

I define participate as "be able to mine and use the network". You can't do both for free anymore with Bitcoin.

> 2) You don't have to pay any specific "club" to start mining. You need to be able to generate hashes efficiently, how you do that is up to you

Sorry, but it sounds like "In order to learn how to fly you just have to flap your hands more efficiently, how you do that is up to you"

> 3) It's still unrelated to what "permissionless" means in this case

From your definition "Permissionless Blockchains allow anyone to participate". Okay, you can sort of participate in tsunami by jumping in the sea, but do you really do?

1 more reply

fiatjaf8y ago

Compare your example with: "You can't join our club."

viach8y ago

Realistically, there are no clubs you can't join if have enough money

j / k navigate · click thread line to collapse