Post
Topic
Board Announcements (Altcoins)
Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts
by
Edwinc08
on 16/05/2018, 17:59:56 UTC
For those interested in the problems with ASIC resistance this may be a good read: https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b

It's called conflict of interest my good sir. Trust me, they didn't mine monero for a year then release the asics. I mined monero for over a year, the network behavior was normal until February. So its hard to believe. Look what asics did to Dero, from 20 a day with 15 k/s to 1 a day with 15k/s, Monero never went close to that behavior. Don't swallow everything you hear. Sia is just trying to bring a good light to asics so they can make money. The reason GPU mining works for decentralization is because most people have a computer with a GPU, hence most people can mine. Not everyone has an asic and the type of people that buy asics are whales that can afford a product to solely use for mining. You know what a laugh governments and banks have when they see that our "decentralization claim" is contradictory because asics centralize it. You know how bad that looks for crypto. Everything just looks like a money grab. I refuse to believe the Dero team doesn't understand this. Maybe the developers are just good at developing and not thinking of consequences but Serena is smart. Which I actually remember not to long ago when she left Dero because they didn't want to pay her what she is worth. Maybe I am wrong and the Dero team is not as intelligent as I made them to be. I know they are changing their algorithm but just like people don't forget when networks get hacked, people also don't forget when they say they stand for something but they don't. Luckily many new investors are joining crypto but we know not many miners are.