pull down to refresh
113 sats \ 5 replies \ @harrr 25 Oct 2023 \ on: What if Bitcoin mining was ASIC-resistant? bitcoin
Not too much different, but ASICs allow for more security at lower cost. It's a good thing all in all, even if the barrier of entry might be a little higher.
Interesting point of view, but I tend to disagree. I mean, I get the cost-effectiveness and security arguments, but after every difficulty adjustments we're heading more and more towards highly centralized mining operations. It's true that nodes can still validate transactions in a decentralized way, but I would not the entry barrier just "a little" higher.
reply
ASICs don't magically create specialization, if we didn't have ASICs the other hardware would be specialized and increase the barrier.
reply
The path towards further centralization...
reply
I really like this discussion. It's just like the whole concept of Bitcoins intersection of economics and computersience all over again.
Like a tornado in a bottle in a tornado. lol
reply
Well, isn’t a discussion board like SN supposed to be intellectually stimulating? Or at least try ;)
reply