Really?
I cannot believe what i am reading here! Why don't you all go back to fiat?
Centralisation = BAD! That was the idea behind bitcoin! (ok, last exclamation mark)
The network hashrate has absolutly nothing to do with the network security. The cost/hash has everything to do with network security. Asics evolve and soon only one or two companies will be able to produce them economically and there's your centralisation pre-programmed to happen.
Or, some (choose your enemy; chinese/russian/middle eastern) chipfab with energy to spare decides to pump out asic chips at 10000/day (at a cost of a few dollars each) and snafu the network? That would have happened already if bitcoin was as important as the dollar. With relatively little money you can make your own asics! What do you think used wafersteppers cost?
Once centralised your pretty coin is dead. Only a few points of attack simply means those points will get attacked, be it from governments or crooks.
There is only one enemy in the long term, and its centralisation. Any coin should do its utmost best to keep asics away, f&$kit, hard fork any coin under thread at the first sign of those %$#^^#%^^% showing up.
I cannot believe what i am reading here! Why don't you all go back to fiat?
Centralisation = BAD! That was the idea behind bitcoin! (ok, last exclamation mark)
The network hashrate has absolutly nothing to do with the network security. The cost/hash has everything to do with network security. Asics evolve and soon only one or two companies will be able to produce them economically and there's your centralisation pre-programmed to happen.
Or, some (choose your enemy; chinese/russian/middle eastern) chipfab with energy to spare decides to pump out asic chips at 10000/day (at a cost of a few dollars each) and snafu the network? That would have happened already if bitcoin was as important as the dollar. With relatively little money you can make your own asics! What do you think used wafersteppers cost?
Once centralised your pretty coin is dead. Only a few points of attack simply means those points will get attacked, be it from governments or crooks.
There is only one enemy in the long term, and its centralisation. Any coin should do its utmost best to keep asics away, f&$kit, hard fork any coin under thread at the first sign of those %$#^^#%^^% showing up.