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> There is no way to acquire a permanent, unassailable monopoly over ASIC hardware in general. Is ASIC hardware made of silicon? In that case, an entity who ow
by lottin 5y ago
> There is no way to acquire a permanent, unassailable monopoly over ASIC hardware in general.
Is ASIC hardware made of silicon? In that case, an entity who owns the entire supply of silicon has a "permanent, unassailable monopoly over ASIC hardware in general".
- samatman 5y agoI hope you're joking? Silicon is the second most abundant element in the Earth's crust, after oxygen: and only because there are two oxygens in silicon dioxide. If someone corners the market on silicon, Bitcoin dominance is the least of our problems.
- lottin 5y agoOP's argument is that PoS is a problem because the supply of tokens is finite, and that PoW doesn't have the same problem because it relies on physical capital instead. But physical capital is also finite.