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What's fair about choosing miners, a specific industry, over the distributed self-interested of the Hodler generation?

Proof of Work is provably fair in spending energy to get the Bitcoin reward, but you're talking about the economy of the broad social community, not of the specific and limited Bitcoin transactional layer. Those are two totally different worlds and Bitcoin has no business being concerned or nvolved in the other layers.

TCP/IP does not concern itself with Twitter vs TikTok - It's neutral to all applications built upon it's base layer.
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armstrys 2y ago

Good point. I probably shouldn’t have said probably fair.

I guess my question ultimately comes down to this: if an open and permissionless mechanism (over trusted parties) was the better way to distribute in the early days then what makes it different in 100 years when the new generation had no say over the actions of their parents?

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