#Bitcoin needs ASICs to mine. It cannot go backwards in time to when the common individual could mine with a basic home computer.
#Monero only needs access to half of the cores on your CPU.
How many modern devices need to use a CPU?
Hell, even your modern washer and dryers aren't safe from advancing to the next stage.
This ability is what will make Monero hidden from the regulators.
Come at me bro!
BTC has effectively caused the very problem it was supposed to treat: Wealth gaps
I am not informed at all in that aspect.
My knowledge extends to it being:
Peer to peer cash.
Censorship free.
Banking the unbanked
Limited amount available.
Mostly those concepts.
Wanna discuss the wealth gap idea? I could use some info.
I'm talking about the fact that BTC requires ASICs for mining, which means that only the wealthy would be able to afford the equipment to mine it efficiently.
Understood!
Mining monero is egalitarian.
I bought a hefty server, refurbished for around $550.
This is what I have going on right now.
every "good" network is effectively operating on "the richest people have the most influence." it only comes down to how much friction you want
Would I be correct in saying that most of use who use #Monero, did do so by way through Bitcoin?
That is true, but friction doesn't mean anything if you have to go through so many hurdles before you can actually start stacking enough sats.
It's just like the burdens like licensing, zoning ordinances, etc. that businesses have to go through to be successful.
