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RandomX (and hardforks more generally) show a poor understanding of incentives and centralization. Poor system design.

RandomX has nothing to do with centralization. Exact opposite in fact for mining. How many people own CPUs vs ASICs? The ubiquity can't be beat.

If you argue that it is easier to attack using CPUs, that is a different argument. But it is also easier to bring more CPUs online from honest actors to defend or pushback against an attack as well. Exact opposite for ASICs.

Only two pools, AntPool and Foundry, make up more than 55% of the mining hashpower alone. Those miners are using their nodes. So Bitcoin has it's own centralization issues to work on as well.

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Discussion

Dan 2y ago

The argument is that anchoring your consensus to something artificial, completely misses the point of PoW and diminishes the incentives for decentralization.

Saberhagen The Nameless 2y ago

How? Everyone is using the same algo with RandomX and proving they solved it. You can't fake it and that's what matters for PoW. It's anchored to the real world.

SHA256 algo is just as artificial and arbitrarily chosen, so I hope you aren't making some kind of convoluted argument like that.