Came across a pretty interesting article on hackernoon.
The author says that most mind blowing feature of cryptocurrency is still not implemented and this feature is equal coins distribution. He points to the fact that there are limited number of miners that own most of network’s hash power now. What do you think of an idea that coins can be distributed equally among all nodes? Sounds like crypto socialism and will definitely require creating different consensus algorithms. I don’t see any technical concept right now that will allow anyone to make equal mining contributions to the network and get equal rewards.
Another thing: author says cryptos are not vulnerable to so called ‘violence hack’. I totally do not agree. If a power structure will apply violence to a development team, they can destroy cryptocurrency. The currency can not survive without development team, it constantly needs security, scaling updates etc.
He also mentions UBI as a positive feature that can be possibly implemented with crypos. What do you think? Would it benefit the society?