Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
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Hash rate went up, price has effectively gone down given the emissions and sideways price.
DASH was billed as ASIC resistant. So that has to be taken into consideration.
Some people falsely believe that an increasing hashrate means a better security model. This is incorrect! In the concrete case of DASH one or two companies now could have complete control over DASH mining by mass-producing and deploying ASIC miners. The hashrate would dramatically increase pushing all the small GPU miners out of the competition. But this is not a better security model, but far worse and centralized.
The end-result can be seen when looking at Bitcoin. A few major hardware manufacturers are in control of Bitcoin mining. The whole mining world is very centralized leading to all sorts of problems.
One of DASH's major selling points was that it is ASIC resistant. We should keep it this way, to avoid centralization!
This would be true if miners controlled the blocks but they won't in Evolution, and I believe even now, they have to be on the correct version of Dash for MNs not to reject their blocks. So even now, Miners can't fully control the blocks, even if they have > 50% hash power. Soon, they'll have nothing to say about it, they'll only be allowed to include pre-vetted and locked transactions, period.
And higher hashing power is more secure. The higher the hash rate the harder it is for anyone to pull off a coup of the blockchain.