3 sats \ 0 replies \ @kepford 25 Oct 2023 \ on: What if Bitcoin mining was ASIC-resistant? bitcoin
Honestly I've never understood ASIC resistance stuff. Monero claims this. If anything the Monero ASIC resistance to me proves there isn't nearly enough market demand for Monero. If there were, this resistance would be broken or worked around. I don't know enough about how this resistance works to say this for sure but I wouldn't trust it to work.
Here's what I don't get about it. What is this accomplishing? It doesn't accomplish decentralization if that's what people think. If demand increases you would have massive miners enter the space and figure out ways to mine more bitcoin. It seems to me that this only adds an unnecessary distortion to the system.
Tell me what I'm missing though.