Post
Topic
Board Bitcoin Discussion
Re: Why ASIC's Should Not Be The Future Of Crypto Currencies
by
bobitza
on 25/10/2012, 14:07:45 UTC

To be clear, I'm not anti-asic. I'm not anti-greed. I'm not anti-elitism. I aim to be a socialist but living in a capitalist world requires me to make money to survive. Money, greed and elitism are a fact of life in a capitalist society. Sometimes pointing out the obvious makes it appear as if you're complaining.

...

The OP and many others  claim that bitcoin takes the power away from the elite. There was a time when this was true but it is becoming less true. The introduction of ASIC eliminates quite a lot of people from the mining scene creating an elite class of miners. The BitCoin Foundation is another example of elitism. The few people (Atlas) attempting to have a discussion about this and other issues (or non issues) are marginalized and ridiculed. Again, I'm not anti-bitcoin foundation either.


#1 Same here bro, I hear ya!

#2 It's not the ASIC to be blamed, is the greed part of the human nature, which some may argue is good and some may argue is bad. In the Bitcoin case, the greed does have a "good part" no matter on which side you're arguinmg, the part that brings more efficiency and better technology to the table. However greed's inherent "bad part" is always damaging to the society as a whole if you have liberal views.