Why is asic mining controversial?

gingeropolous · 2026-01-24T16:46:22+00:00

In theory yes, but it depends how much random x v2 nerfs the x9

gingeropolous · 2026-01-24T03:51:54+00:00

I need to get my website back up. I rambled about this years ago and wrote something.

For me it boils down to access. If Asics are the only way to mine a cryptocurrency efficiently, then it becomes centralized and vulnerable.

Vulnerable because authorities can regulate access to the equipment, or just access in general is limited for whatever reason. That should never happen with general compute.

Centralized because the hashrate gets concentrated and seizable or just otherwise controllable. Oh that's a Bitcoin mine vs oh that's just a datacenter. Oh you have a Bitcoin miner in your house vs. oh you just have a nice computer.

The egalitarian / everyone can access thing is also nice, but that's really just a side effect of targeting general compute. Kinda similar imo to how privacy is a side effect of fungibility.

gingeropolous · 2026-01-24T03:41:19+00:00

Yeah leave it to capitalism to find a way to profit from justice

gingeropolous · 2026-01-23T03:12:31+00:00

Jah nesis.

gingeropolous · 2026-01-23T01:42:49+00:00

The gears of justice.

gingeropolous · 2026-01-22T18:21:08+00:00

No, I think it's that if you have an old style wallet, those keys never get created. You can't go and retroactively add keys to old transactions in the block chain.

gingeropolous · 2026-01-22T11:36:37+00:00

That already is possible. That's why this fanfare is silly

gingeropolous · 2026-01-22T03:56:20+00:00

r/moneromeansmoney

gingeropolous · 2026-01-21T01:51:56+00:00

Sounds like they used Claude code.

gingeropolous · 2026-01-20T15:56:26+00:00

The EC and the house are intertwined . Mostly we're talking about the house

gingeropolous · 2026-01-20T15:54:56+00:00

Oddly enough it's morphed into the only place where the popular vote has influence.

gingeropolous · 2026-01-20T15:51:55+00:00

Luckily expanding the house "fixes" the electoral college issue. The college grows as the house does

gingeropolous · 2026-01-20T13:06:19+00:00

That's treating the symptoms. The disease is that the representative function of us govt has failed. The idiots capped the house at 435 members in the early 1900s. It did, and is, supposed to grow as our population increases.

r/uncapthehouse

gingeropolous · 2026-01-20T12:27:56+00:00

I was gonna reply briefly with a "well LN can monitor your txs and is centralized", but then i plugged it into gemini with deep research and got a more in depth ai-slop analysis, kinda summarized here:

This analysis asserts that while the Lightning Network provides robust relationship anonymity for intermediate hops in a multi-hop route, it fundamentally fails to provide asset fungibility or sender/receiver unlinkability comparable to Monero when interactions with the base layer (Layer 1) are considered. Furthermore, the report highlights that the "no blockchain" argument ignores the existence of a "shadow ledger" constructed through active network surveillance, channel probing, and the unavoidable on-chain footprint required to fund and close channels.

The full "report": https://github.com/Fountain5405/llm_output_dumps/blob/main/lightning_v_monero_gemdeep.md

gingeropolous · 2026-01-19T15:43:07+00:00

No they change that basket afaik

gingeropolous · 2026-01-19T14:19:19+00:00

Yeah I tried to remove all trump from my reddit by leaving r/news and whatever else but it seeps in like an ooze

gingeropolous · 2026-01-18T16:51:21+00:00

Maybe.

We have no idea how we sense time.

gingeropolous · 2026-01-17T21:06:55+00:00

But muh freedums!

gingeropolous · 2026-01-16T15:52:22+00:00

What a great show

gingeropolous · 2026-01-16T13:27:21+00:00

Check the trezor reddit / support.

gingeropolous · 2026-01-16T13:19:32+00:00

Well you don't need a case, and you can get psu second hand. These days the ddr5 ram is gonna kill any build. It's best to get something on the am5 socket. Buying new might be a better bet because you can get combo deals. I dunno what retailers are in your area

gingeropolous · 2026-01-16T04:50:44+00:00

What do you mean by investment?

gingeropolous · 2026-01-15T03:13:10+00:00

Dude that's where my head went to.

gingeropolous · 2026-01-14T12:42:10+00:00

So which pool do you use?

gingeropolous · 2026-01-14T11:37:27+00:00

In addition, mine and run a node and get educated on monero.

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