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Dan
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Est. 769,296

Annnnnnnd he misses the point... again

The fed still doesn't have control of the economy and people are SHOCKED

Watching the news grapple with the Fed's loss of control warms my heart

#jobnumbers

"The floggings will continue until morale improves" - The Fed probably

States aren't super fond of becoming less powerful. With that I mind see Jeff's original answer.

A hard fork can change Bitcoins fiscal policy. Changing Bitcoins fiscal policy would make it worthless (no longer hard money).

Bitcoin is sufficiently decentralized to the point where a hard fork is virtually impossible. This makes Bitcoin valuable.

If your coin requires hard forks to maintain one of its "features" (ASIC resistance is a bad "feature"!) then it's soft money. A shitcoin.

"BTC is centralized via a handful of Bitcoin Core developers/maintainers and the company Blockstream." ... "Even BCH is better decentralized by node software and CHIP upgrade proposals in practice."

Hello?

It's the sign of someone who's tired of arguing with buzzword/soundbite zombies.

You just called Bitcoin centralized and BCH decentralized with a straight face. You're not worth arguing with. Those are INSANE comments completely disconnected from reality.

Replying to Avatar Cyber Seagull

X5 is pretty recent, and research is underway to make it as profitable as any other CPU and remove its advantage. X5 happens to be using specific chipset technology that is only maginally better than a desktop cpus. Its an arms race between 1 cpu 1 vote, as satoshi envisioned and manufacturers trying to inch out an extra buck. It's not really an Asic by the way. Its an optimized series of desktop CPU's. A very dense desktop/server with regular archeture and instruction sets at the processor level. You could run regular software on them. Asics are very different, they only hash 256.

Compared to Bitcoin, the X5 outlier is an incredibly small portion of hash. Most hash is provided by regular people, as satoshi intended. Bitcoin has given up on small miners. Bitcoin has centralized around a few pools and companies and power grids. The whole point of Bitcoin is to be independant from governments, if the majority of security hash is provoded by government infrastructure and not anomymous every day users indistiguishable from anyonenelse using a computer, it can and will eventually be censored. It might take decades, but the difference between home gun ownership and keeping all your guns in a local depot, should be obvious.

You are scared of hardforks, but hardforks for the right reasons are a good thing. Even bitcoin will have to hardfork one day for Quantum resistance. Hardforks for bad reasons just mean one will win and become stronger. Several side monero's have already forked.

Forking is peace.

It's an expensive purpose built miner that achieves a hash density that would be very expensive to compete with at home. It "not being an ASIC" is the worst kind of overly semantic argument. It's a distinction without any significance.

It's a perfect illustration of why trying to arbitrarily and artificially limit hash density is asinine. You can't stop specialization. You can only anchor to thermodynamics.

I don't owe you a multi paragraph explanation lol

I already said it's a shitcoin because it's not sufficiently decentralized. I already referenced the hardforks and ASIC resistance. These aren't knew arguments...

oh ffs... that is what you got out of that?

I am saying Monero is NOT sufficiently decentralized.

I am saying hard forks demonstrate centralization.

I am saying RandomX and the concept of ASIC *resistance* is in-and-of-itself, even without considering that it required a hard fork, a terrible idea that has the opposite effect you think it does.

ASIC *resistance* completely misses the boat on why PoW is so novel. A hard money has to be anchored to something unmovable and incorruptible. The entire point of PoW is that it anchors the time-chain to the laws of physics. It decentralizes control of block production and only rewards cheap energy.

ASIC *resistance* completely misses the boat and instead attempts to anchor the blockchain to something artificial and corruptible (hello antminer x5!). To maintain ASIC *resistance* another hard fork will be required. It's artificial.