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0 sats \ 2 replies \ @guerratotal OP 31 Jul \ parent \ on: Does Monero have communist principles? AskSN
Isn't ASIC resistance meant to keep mining viable with common hardware?
What strikes me, and hence the comparison, is how certain coins (like Monero) try to sustain that initial idea of "everyone can participate equally" by artificially limiting the advantages of more powerful hardware. Sometimes that sounds more like a "planned economy" than an incentive-free market.
I'm not saying it's wrong; I just found that twist curious. That's why I asked it as a question, not as a dogma. Satoshi wasn't a communist, for sure. But some initial ideas, designed to protect the network, can resemble others used in systems with strong central planning.
You might be interested in knowing that Satoshi told Laszlo to hold back with his GPU mining and reading this:
“I thought that having more processing power would secure the network. But I didn’t understand that I should have kept it to myself. It would have made more sense to be greedy,” he joked.
I think the main difference why bitcoin survived without something like ASIC-resistance is because it was the first cryptocurrency, so the early adopters were ideologically driven and didn't immediately capture it.
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Very interesting on that topic, it really is a very big world still for me to discover...thanks for sharing a bit of your wisdom.
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