shishi on Nostr: Why should there even be a debate? I think you have to have the same mining algo for ...
Why should there even be a debate?
I think you have to have the same mining algo for at least a certain number of years to even begin taking monero seriously.
They changed their mining algo like 3x since inception I believe.
The first pivot came to resist Asics, which is anti free market.
Even if we reach some threshold of consistency you then have to accept that mining with the best hardware available gets you pennies in mining rewards for a very, very expensive investment.
This curbs it's censorship resistance big time.
As who realistically wants to mine without an option for reward?
It's untenable.
Let's say you get over all that?!
Monero hasn't seen a meaningful uptick in base transaction count in years.
Stuck in neutral in the 20-25k range.
We also saw how susceptible the chain is to spam attacks - which comes very cheaply tbh.
This is a clear risk as every monero user knows you need a larger anonymity set if spam attacks can clearly be an order of magnitude larger than base load transaction count.
Spam attack max TX count was 140k.
Base load is 20-25k.
We don't know how many of those daily transactions are spam.
I think you have to have the same mining algo for at least a certain number of years to even begin taking monero seriously.
They changed their mining algo like 3x since inception I believe.
The first pivot came to resist Asics, which is anti free market.
Even if we reach some threshold of consistency you then have to accept that mining with the best hardware available gets you pennies in mining rewards for a very, very expensive investment.
This curbs it's censorship resistance big time.
As who realistically wants to mine without an option for reward?
It's untenable.
Let's say you get over all that?!
Monero hasn't seen a meaningful uptick in base transaction count in years.
Stuck in neutral in the 20-25k range.
We also saw how susceptible the chain is to spam attacks - which comes very cheaply tbh.
This is a clear risk as every monero user knows you need a larger anonymity set if spam attacks can clearly be an order of magnitude larger than base load transaction count.
Spam attack max TX count was 140k.
Base load is 20-25k.
We don't know how many of those daily transactions are spam.