spore on Nostr: been there done that asic resistance leads to even worse cheating with FPGAs, hidden ...
been there done that
asic resistance leads to even worse cheating with FPGAs, hidden ASICs, and eventually algorithm changes which means cantillon effect.
Bitcoin really doesn't want to have to change algorithm it's a nuclear option that'll result is many contentious forks.
Published at
2024-05-02 08:30:33Event JSON
{
"id": "15ec8e81105417ed606c34025707ef7328ff523d7606f61f895a0855be12c98a",
"pubkey": "61e803a16b3a8c6ce5ffea6d1dab61318a865131dc9817ed2f5d1f3da09f3e5d",
"created_at": 1714638633,
"kind": 1,
"tags": [
[
"p",
"b9a537523bba2fcdae857d90d8a760de4f2139c9f90d986f747ce7d0ec0d173d"
],
[
"p",
"5e5fc1434c928bcdcba6f801859d5238341093291980fd36e33b7416393d5a2c"
],
[
"e",
"7b5117282fad6dddbd03240b9eb3d0435d0ec0a1eb67ab307de6f0223022e8ca",
"wss://relay.primal.net",
"root"
],
[
"e",
"54d0b8dac15898da4e6940c6b94992a1cb3276bc8949e53cb8fbed83f6a99305",
"wss://nostr-usa.ka1gbeoa21bnm.us-west-2.cs.amazonlightsail.com",
"reply"
]
],
"content": "been there done that\n\nasic resistance leads to even worse cheating with FPGAs, hidden ASICs, and eventually algorithm changes which means cantillon effect. \n\nBitcoin really doesn't want to have to change algorithm it's a nuclear option that'll result is many contentious forks. ",
"sig": "ce6f105d1bdd4c3622f2dfb96682ce0497fd0f95cb4d5e73c7ed600954facb296079ed656b14784df81e8c52f3265f4136734eb4a282fccb1ffa27796a75b541"
}