Quote from: dEBRUYNE on November 11, 2019, 06:45:30 PM

Quote from: BldSwtTrs on November 11, 2019, 01:08:42 PM

An article worth reading reading Coinbase's view of Proof of Work:
https://blog.coinbase.com/how-coinbase-views-proof-of-work-security-f4ba1a139da0

"Claim one: It is a security feature for a particular coins mining operations to be the dominant application of the hardware used to mine that coin."

If this statement is correct, and I think it is, then the whole XMR's strategy of forking the hashing algorithm to foster CPU mining is unintelligent.

You can read my response to the article here:

https://www.reddit.com/r/Monero/comments/du2m7i/coinbase_blog_criticizes_monero_pow_philosophy/f71lt09/

Quote from: BldSwtTrs on November 11, 2019, 01:08:42 PM

Let's stop forking the hashing algorithm after RandomX (which will fail to achieve the stated goal, like every other attempt) and embrace specialized mining. Enough time has been lost.

That's the intent, i.e., the current 'contingency' plan is to switch to an ASIC friendly algorithm (such as SHA3) in case of a RandomX failure.

I havn't read that article and won't bother but one thing I think is over looked is that botnets are a net plus for securing the Monero eco system and we will lose them with sha3. Or a large portion of them I would think.