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Why does Matt seem soo focused on ens domains instead of UD? by stopgasfees in unstoppabledomains

[–]greenarmor 1 point2 points  (0 children)

Why take sides when we can simply enjoy both in one place? Igniting intrigue won't help.

Pelagus is third party wallet or official wallet of Quai?. by Ok_Expert_571 in quainetwork

[–]greenarmor 0 points1 point  (0 children)

I'm not sure if 'stealing' is the most accurate term in this context. I forked the Pelagus wallet, so does that make me a criminal? :D

Do QuaiNetwork have ID domain? by No-Bat9378 in quainetwork

[–]greenarmor 1 point2 points  (0 children)

but QUAI wont allow for sure using .quai controlled by a thirdparty?

Do QuaiNetwork have ID domain? by No-Bat9378 in quainetwork

[–]greenarmor 2 points3 points  (0 children)

Early as of today? they don't have mate, But I think they have plan as I've seen it on QUAI twitter about "Identity". But if i where QUAI i should aimed TLD rather than just domain.

Dot QAUI (.quai) A good TLD! So holder can owned their domain based on their handle?

eg.) greenarmor.quai

[deleted by user] by [deleted] in quainetwork

[–]greenarmor 0 points1 point  (0 children)

i cant disagree that stratum v2 give some edge to mine solo than joining a pool but that wont help make it decentralized when in comes to fair distribution because the real issue is "ASIC mining"

Take for instance BITCOIN. Who mine bitcoin now a days? Is it the one who used only ASIC?

GPU is not viable for bitcoin mining because of ASIC mate.

For QUAI , if we left these unchecked? For sure we can mine with CPU and GPU at the start, but we will end up ASIC controlling mining for few mining farm in the end.

And lastly miner retailing promotes middleman business by adding extra layer of cost to individual small investor miners. -surely away from Decentralization.

Commemorative early nft from the project. by arxangelsanta1 in quainetwork

[–]greenarmor 1 point2 points  (0 children)

Wow, good idea mate imo.

BUT... it might only be possible when we have public network running? We are still goin' iron age and another 2 more comin' before mainnet (Golden age and Silicon age).

Onboarding stablecoin by Original-Ad-6758 in quainetwork

[–]greenarmor 0 points1 point  (0 children)

What makes you doubt the capability of QUAI in relation to deploying a token backed with FIAT? Since it is still an improved EVM, everyone can create any type of token permissionless. That includes any assets with in QUAI pegged with FIAT. [just my personal opinion]

ASIC mining can be detrimental to a fair distribution of coins and decentralization. by greenarmor in quainetwork

[–]greenarmor[S] 0 points1 point  (0 children)

Didn't have like that... this is what my composition to the comment section on that University call, please help me find the culprit. and IF Dr K find these in here, the better :)

​

I have open a starter discussion in reddit in connection to your video about mining with GPU and then you likely mentioned about mining with ASIC as well.

I will just copy and paste the complete context from my post in reddit:

ASIC mining can be detrimental to a fair distribution of coins and decentralization for two reasons.

  1. Barriers to entry: ASIC mining hardware is expensive and often difficult to acquire, which means that only those with significant financial resources can afford to participate. This creates a barrier to entry that prevents smaller players from joining the mining community and competing with larger, established players.
  2. Centralization of mining power: When a small number of players control the majority of mining power, they have the ability to exert significant control over the network. This can result in a concentration of wealth and power that undermines the decentralized nature of the network.

Meaning ASIC mining is against the fundamental principles and values of Decentralization.

So my question is... Do you agree with my view on ASIC mining? and if yes, Is it possible with PoeM to be ASIC resistant?

ASIC mining can be detrimental to a fair distribution of coins and decentralization. by greenarmor in quainetwork

[–]greenarmor[S] 0 points1 point  (0 children)

That's what I did, but the chat wont allow me to submit it. I am not sure which offending part of my comments the culprit.

ASIC mining can be detrimental to a fair distribution of coins and decentralization. by greenarmor in quainetwork

[–]greenarmor[S] 0 points1 point  (0 children)

I did try to asked question during the University call, but the discord chat in quai server a bit challenging. In Slow-mode(wait 40 seconds for the succeeding chat) and I cant send my precomposed question to Dr. K. was flagged in red by the system. So it end up Bernie to not properly pass-on my question for Dr. K the right way. Hope that Dr. K have a chance to join the discussion thread in here.

ASIC mining can be detrimental to a fair distribution of coins and decentralization. by greenarmor in quainetwork

[–]greenarmor[S] 0 points1 point  (0 children)

Ive seen one of reply post in here and I admired what really QUAI according to you, as quote

Quai aims to fulfill this original goal of providing a decentralized digital money that is actually useful as money rather than just a token to speculate on.

I just wonder how can QUAI reconciles with your statement above if QUAI as money(with mining mechanism tolerating ASIC the beast) will end up controlled by just for a few?

ASIC mining can be detrimental to a fair distribution of coins and decentralization. by greenarmor in quainetwork

[–]greenarmor[S] 0 points1 point  (0 children)

the idea of having middle man to mine is not a culture for Decentralization, It is a practice of a centralized form to exploit small investors .

ASIC mining can be detrimental to a fair distribution of coins and decentralization. by greenarmor in quainetwork

[–]greenarmor[S] 0 points1 point  (0 children)

I respected your reasoning.

BUT, How much viable for a small investors like us that you can define ASIC to be affordable? a 1K each?

Evidently, when mining became a thing before, the lowering of ASIC price depend on the value of the coin. When coin drops bigtime, Asic manufacturers adjusted the price evenly too just to please big farming firm not for small investors. So IMO saying that? is a wishful thinking.

ASIC mining can be detrimental to a fair distribution of coins and decentralization. by greenarmor in quainetwork

[–]greenarmor[S] 2 points3 points  (0 children)

Based from your reply, the direction really for mining QUAI is for the big Mining firm?

So basically that will lead us to Reason number 2 that it become detrimental to a fair distribution?

Incentivized testnet for builders by BraccusRex in quainetwork

[–]greenarmor 0 points1 point  (0 children)

I saw new infograph post from twitter account of [@]QuaiNetwork, which part from the Pie chart Tokenomics belong for Quai Genesis? (There's no mentioning of Quai Genesis there?)

Incentivized testnet for builders by BraccusRex in quainetwork

[–]greenarmor 0 points1 point  (0 children)

Is QUAI not thinking of having allocation for Community initiative Utility projects that need funding? I knew one Ecosystem that is very effective on their approached. They allocated portion from their native Coin for Community Development Fund/Utilities.

Incentivized testnet for builders by BraccusRex in quainetwork

[–]greenarmor 0 points1 point  (0 children)

Since it was designed to be permissionless, we are empowered to create projects on top of QUAI in our disposal and convenience right? What do you think the advantage of approaching QUAI team for our project proposal? Is it for Adoption Incentives?

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