Re: Cryptonight / Cryptonote - On GPUs and ASICs and profitability

Be ready for "Monero Classic" cause you know it's gonna happen.

I'm not well conversant with Ethereum and Ethereum Classic (apart from they got hacked due to flaw and decided to hard fork, but am unsure why the old coin was required to be still in circulation), but why would you think there would be "Monero Classic". Wouldn't all demand be for Monero - and who would be responsible for Classic version, which if I'm not wrong would not be v7 or basically current version open to Asics?

Why wouldn't there be? It's not about the tech. It's quite simple really ... in matters such as these there will always be a conflict of opposed ideas or attitudes or goals. A difference of opinion.

Let me also add...If/when Monero forks to a new algorithm, if it is indeed a profitable coin, ASICS will be made. This is inevitable. Then what...? Another fork?

Time to get realistic.

I thought Monero do the hard fork every 6 months which would further make things difficult to constantly produce new ASICs

Ref:
- https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html
- On the fork that is later this month https://www.reddit.com/r/CryptoCurrency/comments/82w91m/monero_network_upgrade_at_block_153950028th_of/

Forking every six months... That's downright hilarious Cheesy

Miners and regular users will have to constantly update their wallet and/or miner software. Not only will it be a pain for the average user especially if they don't understand how forks work, it creates more work for exchanges, and forums and other support vectors will suffer because of this since they will helping all these average users through all their troubles.

The claim and the reasoning behind constant forking is to avoid "ASIC centralization." This is still a concern? Bitcoin (as an example) is almost 10 years old and people are still worried about "ASIC centralization?" Really...?