Re: [XMR] Monero Speculation

I don't think you understand that centralizing network hash with ASICs is detrimental to network security.

I don't think you understanding anything about cryptocurrencies.

Have you heard about Bitcoin? It's the most secure crypto network, courtesy of ASICs.

It's scary that a decision so important was taken following a Reddit mob, or a secret committee of devs, with such a poor understanding of the matter.

Mining centralization hasn't made Bitcoin the most secure network, it's made it an easy target for China if they decide they want to disrupt the network--looking at hashing power in a vacuum is a pointless exercise as there are numerous factors that go into how secure a network is.

Also, the person you are addressing has forgotten more about cryptocurrencies than you know, or likely will ever know.

I agreed, he has probably forgotten a lot more than I could.

I am happy to learn that Bitcoin isn't the most secure network because you say so. You are an invaluable source of knowledge.

Bitcoin developers would make Bitcoin ASIC resistant if they could. But they cant since Bitcoin dont fork every half year to make needed upgrades. Sooner or latter Monero will not be ASIC resistant anymore. Lets hope that will not be so soon and lets hope ASIC market will mature until then.

Quote from: rinus on June 04, 2018, 03:10:49 PM

Maybe a stupid question, but did we see crypto at its best already? It went mainstream and now that everybody heard about it, its like people have less interest in it. So could we say that it peaked already and that its foolish to wait and hold until we see 500 again?