Post
Topic
Board Bitcoin Discussion
Re: Proof of work debate? Threatened 51% attack due to fork debate
by
Carlton Banks
on 21/03/2017, 09:30:21 UTC
The only thing a POW change will achieve is a temporary reset to a level playing field.

That's right, but with how well known Bitcoin is known now compared to 2009, a temporary period of decentralised mining will exist.


Could that last long enough before 3D printing of ASIC chips is possible? Maybe not, but I doubt it would take one more PoW change until we got to that point, and then the game changes completely.


To paraphrase:

"The tree of decentralised cryptocurrency must occasionally be watered with the blood of ASIC mining tyrants"