Post
Topic
Board Bitcoin Discussion
Re: Why ASIC's Should Not Be The Future Of Crypto Currencies
by
Syke
on 20/10/2012, 23:21:25 UTC
Once ASIC comes out, the difficulty will adjust accordingly. Which will just cause everyone to make the same amount of money as they were before ASIC's. So the question is, is it necessary for us to go through all of what i mentioned above, to just end up making the same amount of money as you were before with GPU's, just a month or so later, with ASIC's?

Most definitely, YES! Difficulty isn't a means to make money. It is a means to provide security. When the difficulty skyrockets, the security of the blockchain also skyrockets. That isn't just a good thing. It is a crucial requirement for the health of the blockchain.