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I think this is short-sighted. Just like mining pool was not an expected event, humans will always figure out a hack to make more money where there's money. Es
by cocktailpeanuts 9y ago
I think this is short-sighted.
Just like mining pool was not an expected event, humans will always figure out a hack to make more money where there's money. Especially when there is no legal implication for doing so.
These monero developers think they're doing good for their network, but all this is doing is weaken their network based on the limited knowledge they have about what's possible currently. I would even go further to say this is arrogance.
There are many ways to compromise a network, and the best way to protect against this is to strengthening it, instead of making foolish decisions based on some conspiracy theory that nobody has ever actually seen played out.
For example if someone figures out a way to bring together the coinhive JS mining library and a clever web exploit scheme to create a global ultimate monero mining worm, it could compromise the entire network and they will have no choice but to hard fork. The only way to protect against this sort of attack is to strengthen the network. And only then you deserve to worry about centralization.
I know this "miner centralization" is a controversial topic, but what I know for sure is that people are making decisions to permanently change protocols that are already working, in order to "fix" some hypothetical situation that may or may not happen.
If humans were so good at prediction, we would not have great depressions. The best way to deal with these issues is to solve them when they actually happen. I think this is the best for all cryptocurrencies because IF some sort of centralization actually does end up happening, people can fork and take a huge chunk of network with them always.
The people who think we can't recover from these hypothetical centralization are making some assumptions that are more likely to be false than true.