0 sats \ 2 replies \ @harrr 21h \ on: A BTC backed USD bitcoin
The dollar was backed by gold, look where that lead us to..
How are outsiders supposed to take Bitcoin seriously when they go to buy a hardware wallet and can't even use Bitcoin to pay for the hardware wallet?
Outsiders have no Bitcoin to spend.
Once some central banks start buying Bitcoin, it is going to be a massive event
Lol. Corporate media: only one CB of one small country
Aw man. Have ASIC manufacturers sell 10 different ASICs and increase their revenue! That was your proposal to solve your first problem. Now you conjure a different problem, dude, that's just moving the goal post. I'm done here.
Solution to which problem, fearmongering? If there is a real problem, miners can switch to a different pool whenever they want, and they are incentivized to do so as their revenue depends on bitcoin being trustless.
If you combine 10 ASICs into one then it would be less efficient than an ASIC optimized for a single hash function right? Then those who hash with the optimized hardware will have the advantage. That seems like it would favor plebs.
You may lose some efficiency, but the basement dwelling pleb won't be able to mine 90% of the time, so they lose 90% efficiency.
Sounds like garbage marketing for idiots. Rare satoshi owner (miner) buys their own satoshi for an excessive price to sell more garbage "rare" satoshis at inflated prices to idiots.
Big mining companies would have to support 10 different sets of hardware and only 1 is being used at a given time.
Sounds like that only makes mining more expensive, decreases profit margins, and leads to big miners growing while small miners are priced out.
Btw, one ASIC could do more than one algo.