21 sats \ 2 replies \ @kepford OP 26 Jul \ parent \ on: So what are the problems with Monero? bitcoin
that may becomes useless if bitcoin fails
I don't get what you mean here? Bitcoin's difficulty adjustment algo means if large mining ops stop mining, because bitcoin fails then CPU mining may again be viable. Its not one or the other. Maybe I misunderstand you.
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55 sats \ 1 reply \ @clr 26 Jul
I mean that because bitcoin miners have to invest capital upfront in buying ASICs they are invested in bitcoin's long-term success. If bitcoin fails and they haven't amortized their investment in hardware, they lose their investment.
Whereas someone mining with their CPU/GPU doesn't care about a specific coin. If the coin they are mining fails, they can simply switch to another coin and keep mining, or even use their GPUs to train AI or whatever.
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31 sats \ 0 replies \ @kepford OP 26 Jul
Ah, I get you now.
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