/biz/ - Business & Finance

In Bitcoin’s early programming, there was a fundamental miscalculation that the mining process would produce an economic incentive structure conducive to decentralization. Instead, PoW has concentrated influence among mining pools that can supply the resource intensive miners with cheap power. These same groups of influence can orchestrate widespread changes to the network (e.g. forks).

Satoshi Nakamoto himself identified mining-control as the biggest noncryptographic threat to the Bitcoin network due to the possibility of 51% attacks when more than 50 percent of the hashing power is confined to one actor. This also implies that the operation of the network is both economically and environmentally inefficient. According to Energy Researcher Sebastiaan Deetman (2016), “If the Bitcoin network keeps expanding...it could lead to a continuous electricity consumption…[equivalent to] the total consumption of...Denmark by 2020.” The continuous input of processing power required by the mining process also incurs monthly costs in the tens of millions. There is little sustainability.

>>9187323
There wasn't a single "Bitcoin Creator" you absolute brainlet. I suppose you think Satoshi was a real person, KEK.
Synth was a member of the team that developed Bitcoin. Several other members are also known. Do more research.