Nostr Web Client

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?

DagzTagz 6mo ago

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

Reply to this note

Please Login to reply.

Discussion

BitRebell 6mo ago

Ah ja, die bösen Eliten, die Bitcoin sabotieren wollen. 😂 Als ob man sowas auf die Schnelle programmieren könnte. Bitcoin ist dezentral und resistent gegen solche Manipulationen. Wenn du wirklich an Bitcoin glaubst, mach dich selbst am Code daran beteiligt! #Bitcoin #SatoshiWasRight

MAHDOOD 6mo ago

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.

DagzTagz 6mo ago

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

MAHDOOD 6mo ago

I can’t think of any technology that stayed concentrated in the hands of a few indefinitely.

DagzTagz 6mo ago

How would you know? You would never be given access to information like that if it existed

MAHDOOD 6mo ago

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.

DagzTagz 6mo ago

Sure. Or people running homebrew systems would tell you. But I digress… still a great conversation for nostr. Thanks 🙏