Why someone is decreasing his network 100x with intention is out of my logic anyway as i thought the
more hashrate on a network the faster and more secure .......
This update was not about decreasing the hashrate of the network, it's about decentrilizing it. That was the goal.
As things were with ASIC miners,
1) Only the few people who would be able to afford their cost would buy them
2) Those ASICs that were not bought could be used by the manufacturer in a huge farm, though there's no way we can know if that happened
3) If the manufacturer of these ASICs decided to put a killswitch inside the miners, they could shutdown the whole network anytime and make theirselves the sole miner.
The aboves are the main reasons people are against ASICs in general though, not just the ETN miners. Sure there are a few positives, as a more "secure" network against 3rd parties, but for me that doesn't offset the risk of providing to someone from the inside (the manufacturer) the keys.
Where is the deal to shutdown a network by Asic miners? It would be like self suicide for them. Sounds a bit too idealistic and hytpotetical to me. I don't have any fear of that when i use my BTC, LTc, DASH, DGB or any other of my currencies that are mined maybe with Asic networks i think.
Just as a side note, since December 2017 i'am trying to buy 2x 1080ti for my PC at home, no chance, everything sold out or total overpriced .... Thx guys, at least i know now where all these cards are, used for decentralization. What a joke. Killswitch by manufacture. Where is the deal a manufactore shutting down his products. It would be illegal by the way as it's not his property anymore and it would ruin his business. Reality total left out it seems. Any measures to prevent aliens to attack Electroneum? (just kidding)
Guys, no offence, as a customer and user of ETN, Trader and Holder of ETN i seriously await a working product for real life usage and not a product for hypotethical nearly impossible possibilities that are a usage problem for me as the customer. And reading some posts while waiting the wallet to functin again, i don't care if the guy with the gpu makes some bucks or the asic guy. All i want is a fast running, fast performing wallet and transactions.
Whatever, every projects it's own vision, but after realizing that this is more an ideologie product i may better overthink if it's not better to investe only in products/projects that focus on real life issues.....
Anyway, totally upset that the wallet doesn't work for hours now!!!