Mark_Friedenbach comments on Why you should consider buying Bitcoin right now (Jan 2015) if you have high risk tolerance - Less Wrong

4 Post author: Ander 13 January 2015 08:02PM

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Comment author: [deleted] 15 January 2015 07:51:02AM 2 points [-]

it just spreads the proceeds of creation out over more miners

It doesn't necessarily do that either. The more mining gets specialized, the more centralization we see.

Comment author: Alsadius 15 January 2015 01:40:40PM 2 points [-]

Fair. For added precision, "spreads the process of creation out over more dollars worth of mining equipment".