Post
Topic
Board Speculation
Merits 10 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jbreher
on 14/11/2018, 21:02:18 UTC
⭐ Merited by MirkoIta (10)
So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

This is crypto. Hash power is The Power.

"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."

- SN, Bitcoin: A Peer-to-Peer Electronic Cash System

Another reason for my earlier claim (which I won't repeat out of respect for the thread).

The days of CPU power mattering in Bitcoin mining are long gone. I don't think Satoshi really included Asics and mining centralization in his vision. So a project that actually is CPU mineable may also conform more closely to his vision.

Bitcoin mining ASICs each consist of hundreds of very simple CPUs. MyHatIsTwoSharks.png

And yes, Satoshi explicitly said he expected as much.