So you’re worried that a new mining hardware will be created that will be so good at mining that the other miners won’t be able to compete. And you’re worried that this hardware will only be in the hands of bad actors that will control the entire network. And you’re worried that no one else will be able to get their hands on this hardware to compete with them for the rest of time?
Discussion
I’m worried that there is exactly one group of people working on this and their motivations are at odds with the success of Bitcoin, yes
I understand now. I’m not really concerned because I think that eventually it will become the new standard. The same way GPUs and ASICs became the new standard.
I agree, which circles bc to my point about.... as long as it is not concentrated in the hands of the few. Do you see what I mean now
I can’t think of any technology that stayed concentrated in the hands of a few indefinitely.
How would you know? You would never be given access to information like that if it existed
I guess I wouldn’t but if that technology was being used, people would notice. And if the technology is never used, then who cares?
We would all know that technology exists once they start mining. Then the miners would rally to try and catch up.
Sure. Or people running homebrew systems would tell you. But I digress… still a great conversation for nostr. Thanks 🙏