There are many reasons that make monero a shitcoin, but I think a weird algorithm so called, ASIC resistance algorithm is the most critical reason.
Discussion
RandomX is an algorithm that will take ASIC resistance one step further. It is designed to be ASIC resistant by using random code execution and memory-hard techniques to prevent specialized mining hardware from dominating the network. Because RandomX is optimized for general-purpose CPUs, the network will become more decentralized and egalitarian in the distribution of block rewards. ASICs are the clear target of RandomX, but since it’s optimized for CPUs, GPUs will also suffer.
It doesn't make sense at all. Mining machines are just about efficiency not type. You can get sha256 by hand. Old version ASIC miner is worse than new version ASIC.
CPU mining doesn't make network decentralized. Instead, it can make network more centralized. Imagine Monero's value going up and then, Google data center and AWS mines Monero. Big-tech already has huge CPU power.
What has more potential for decentralization? Limited supply ASICs that cost thousands of dollars to even get started or the ubiquity of CPUs that every pleb has all around us?
There are 2 major ASIC manufacturers that have a stranglehold over new supply, KYC your ass, and know exactly why you're using them. You get the sloppy seconds after they've been using them for a year if you're lucky. Then your non existent hash power is eclipsed by corporate mining farms and two mining pools that make up ~58% of blocks
The situation is not very different for you
Oh and those pools are already starting to censor, nice
Explain me how you can compete with expensive ASIC machines in btc mining with your regular desktop or notebook. Monero solves this problems cleverly
Bitcoin doesn't award participation trophies.
Markets optimize for efficiency not equity.
Which makes a cryptocurrency secure is the process of mining, the more people participate the more secure network is. The market cap is irrelevant on this issue
