I’m reading through this, but there is not point to debate with someone that is selflessly arrogant. That kinda statement tells me all I need to know with the weight of their influence and position within this ecosystem.
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LOL! PRO STATUS QUO
That’s best clown statement I’ve ever heard.
ASIC Resistance IS the status quo for Ethereum.
The drama is what kills Ethereum.
ProgPoW is 100% better every single way.
There’s truly no argument against it.
BUT
What’s worse then staying on Ethash is saying we are switching to progpow every 3 months and never doing it.
If Ethereum would just say “We will never switch to ProgPow we will be forever on Ethash” okay then thats fine at least people can plan around that.
It still would be terrible in comparison to moving to progpow, but atleast there is SOME vision and consistency even if its a shitty one
This might be the strongest argument against any change in our hash function. It might also be the strongest argument against ASICs, as they will cause any upgrade they cannot follow to cause a split. This might also be a reason to pay the price of fighting them now before it gets any larger. (This applies to any other part of the protocol that ASICs freeze in hardware.)
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Split is exactly what we need. Ethereum needs to innovate and improve - people can create as many legacy Ethereum versions as they want. They will never be more than ethereum classic 2.0 3.0 4.0 whatever.
Ethereum has to innovate or it will continue to die out
Let the ASIC miners have a circle-jerk on their own tiny little chain with a market cap of $0 because no one uses the coin.
The ONLY thing that drives coin value is coin usage. That’s why BTC is an order of magnitude more valuable than ETH.
Monero have forked 80% ASIC hash from their network, more than once. I am not aware of a Monero ASIC fork that survived. Why would Ethereum be any different to Monero?
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Very true - Monero is a great success story of a coin that despite very little awareness and utility still retains almost a billion $ in value on pretty much the basis of its asic resistance alone
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ASIC manufacturers are mining on millions of ASICS right now.
You must be rational and ask - why on earth would a company sell an ASIC miner if they can just mine themselves.
The only reason they would sell is if they feared progpow.
Everytime progpow comes around Linzhi is about to deliver.
They’ve been mining for years now and are making bank during this recession.
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I really think something like a New Social Governance Layer for Ethereum could be helpful in discovering community signal on the ProgPOW debate.
I think there needs to be a way to qunatatatively gauge the numbers surrounding what the community thinks about the issue so that core devs can make the most informed decision possible.
How can one decision or another effectively be made if the current tools we have to gauge sentiment on the issue are inadequete?
Having more data to back the decision would lend validity to whatever decision ends up being made (I have no opinion on what decision should be made, just want to create a system where sentiment on topics like these can be quantified for the core devs).
Seriously, the manufactures are making money hand over fists with these ASICS. I’m almost scared to see how bad it really is as far as mining centralization.
I remember when monero forked it’s ASICS off for the final time. Hash went down like 90%+.
Is that what we want? To be dominated by a few manufacture? Sounds super centralized to me .
The Ethereum ASIC manufacturers are making billions dumping the coin. They mine well over 90% of the hashrate.
Greatest irony is that all the asic proponents thought they would be part of the game, but they are not