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replied 2399d
We honestly need a network that can't suddenly be overthrown by one guy bringing in a server farm doubling the Exahash rate. That's dangerous.
Sk8eM dUb
replied 2398d
You're making a case for ASICS(and Bitcoin in general). Right now you have to spend a butt ton to get even a small percentage of the network.
replied 2398d
But if you are a malicious actor, and have a butt ton of money to spend without skipping a meal or losing your yacht, you can buy the power to vote everyone out. That's unfair.
Sk8eM dUb
replied 2398d
That's waaaay more difficult/expensive to do with asics than without.
replied 2398d
How so?
Sk8eM dUb
replied 2398d
You said yourself, a rich person could just buy up a server farm and attack. This actually happened to Bitcoin Gold which forked to an ASIC resistant PoW algo.
replied 2398d
In what system can someone not buy the power to destroy Bitcoin?
replied 2398d
None?
Sk8eM dUb
replied 2398d
There is none, but it's more expensive with ASICS so it's more secure left as-is. Gotta get adoption moving though, it's a race against the clock.
replied 2398d
That'd be like if Jeff Bezos bought half of Congress and suddenly gained the ability to pass whatever legislation he wanted because he owns the majority voting power.
Sk8eM dUb
replied 2398d
That's exactly why we need ASICS actually. If you want to affect the network you gotta buy them and contribute to the hashing power. ASIC resistance wrecks that incentive structure.