2 ms·
That's just not an accurate nor truthful account of what happens in practice. The example you gave has nothing to do with changing the PoW function to countera
by Erlich_Bachman 6y ago
That's just not an accurate nor truthful account of what happens in practice.
The example you gave has nothing to do with changing the PoW function to counteract ASICs. Both Bcash and bitcoin classic were forked because of completely different reasons, and had people who believed in those reasons defend the new forks and run the node software etc. For example XMR has been doing ASIC-deterrent forks for years now with great success.
- atweiden 6y agoIn 2018, 50-60% of Monero hashrate was rumored to be from secret ASICs. How “successful” at warding off ASICs could hard forking a coin’s hashing algorithm really be if it doesn’t stop the ASIC manufacturers from building ASICs for any given algorithm? Also it seems clear that Monero’s purported “ASIC resistance” is very much a social contract — requiring constant vigilance to uphold — one which isn’t guaranteed to be strictly adhered to over the long run, particularly as the cost/benefit analysis gets murkier.
- Erlich_Bachman 6y ago> a social contract Just like the rest of the cryptos that require all the participants to use specific protocol and software and agree on specific rules.