Jack Zafira
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To be honest, App Happymod low number of coins makes it unsuitable to be a proof of stake coin.Technically, we can move to fractional satoshis when needed. Also, in LN you have millisatoshis, so it is possible to increase coin precision without changing the main layer. That's why mining decentralization is important. When a lot of computers will be mining single satoshis or millisatoshis, then they can collectively mine new blocks. In case of huge computing power drop, it will be needed to somehow "push chain forward", so trusting "the strongest shares" will be needed. If it happens gradually, it will be similar to gradual computing power increase, but just in reversed direction. That way or another, it will be a failure of Proof of Work, and then trusting "shares" is needed to do anything without a hard fork and hacking the difficulty. As long as Open Hardware and Open Software exists, I think we are safe. The government can block huge miners, but they cannot block millions of CPU's. If they will, PoW mining will be the least important thing of our problems, because then all wallets can be considered unsafe. So you are proposing that PoW algo be changed to something that can only run on CPUs as a way to spread out mining and the energy usage. Doubtful the ASIC miners would agree. The days of the PC are numbered for the average person, as normal people switch to smart phone or tablets, the increased heat and faster destruction of said devices , would prevent the majority from mining , plus you have a new strain on the wireless cell towers to content with. And illegal botnets would have a major advantage in PoW mining. If a business still used PCs, they would still concentrate the devices to one area to save housing costs and you are right back where you started. Plus any new CPU PoW algo can have a ASIC designed for it, so you still don't get off the asic treadmill.
To be honest, App Happymod low number of coins makes it unsuitable to be a proof of stake coin.Technically, we can move to fractional satoshis when needed. Also, in LN you have millisatoshis, so it is possible to increase coin precision without changing the main layer. That's why mining decentralization is important. When a lot of computers will be mining single satoshis or millisatoshis, then they can collectively mine new blocks. In case of huge computing power drop, it will be needed to somehow "push chain forward", so trusting "the strongest shares" will be needed. If it happens gradually, it will be similar to gradual computing power increase, but just in reversed direction. That way or another, it will be a failure of Proof of Work, and then trusting "shares" is needed to do anything without a hard fork and hacking the difficulty. As long as Open Hardware and Open Software exists, I think we are safe. The government can block huge miners, but they cannot block millions of CPU's. If they will, PoW mining will be the least important thing of our problems, because then all wallets can be considered unsafe. So you are proposing that PoW algo be changed to something that can only run on CPUs as a way to spread out mining and the energy usage. Doubtful the ASIC miners would agree. The days of the PC are numbered for the average person, as normal people switch to smart phone or tablets, the increased heat and faster destruction of said devices , would prevent the majority from mining , plus you have a new strain on the wireless cell towers to content with. And illegal botnets would have a major advantage in PoW mining. If a business still used PCs, they would still concentrate the devices to one area to save housing costs and you are right back where you started. Plus any new CPU PoW algo can have a ASIC designed for it, so you still don't get off the asic treadmill.
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Walber Amorim
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To be honest, App Happymod low number of coins makes it unsuitable to be a proof of stake coin.Technically, we can move to fractional satoshis when needed. Also, in LN you have millisatoshis, so it is possible to increase coin precision without changing the main layer. That's why mining decentralization is important. When a lot of computers will be mining single satoshis or millisatoshis, then they can collectively mine new blocks. In case of huge computing power drop, it will be needed to somehow "push chain forward", so trusting "the strongest shares" will be needed. If it happens gradually, it will be similar to gradual computing power increase, but just in reversed direction. That way or another, it will be a failure of Proof of Work, and then trusting "shares" is needed to do anything without a hard fork and hacking the difficulty. As long as Open Hardware and Open Software exists, I think we are safe. The government can block huge miners, but they cannot block millions of CPU's. If they will, PoW mining will be the least important thing of our problems, because then all wallets can be considered unsafe. So you are proposing that PoW algo be changed to something that can only run on CPUs as a way to spread out mining and the energy usage. Doubtful the ASIC miners would agree. The days of the PC are numbered for the average person, as normal people switch to smart phone or tablets, the increased heat and faster destruction of said devices , would prevent the majority from mining , plus you have a new strain on the wireless cell towers to content with. And illegal botnets would have a major advantage in PoW mining. If a business still used PCs, they would still concentrate the devices to one area to save housing costs and you are right back where you started. Plus any new CPU PoW algo can have a ASIC designed for it, so you still don't get off the asic treadmill.
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ellyson felipe
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To be honest, App Happymod low number of coins makes it unsuitable to be a proof of stake coin.Technically, we can move to fractional satoshis when needed. Also, in LN you have millisatoshis, so it is possible to increase coin precision without changing the main layer. That's why mining decentralization is important. When a lot of computers will be mining single satoshis or millisatoshis, then they can collectively mine new blocks. In case of huge computing power drop, it will be needed to somehow "push chain forward", so trusting "the strongest shares" will be needed. If it happens gradually, it will be similar to gradual computing power increase, but just in reversed direction. That way or another, it will be a failure of Proof of Work, and then trusting "shares" is needed to do anything without a hard fork and hacking the difficulty. As long as Open Hardware and Open Software exists, I think we are safe. The government can block huge miners, but they cannot block millions of CPU's. If they will, PoW mining will be the least important thing of our problems, because then all wallets can be considered unsafe. So you are proposing that PoW algo be changed to something that can only run on CPUs as a way to spread out mining and the energy usage. Doubtful the ASIC miners would agree. The days of the PC are numbered for the average person, as normal people switch to smart phone or tablets, the increased heat and faster destruction of said devices , would prevent the majority from mining , plus you have a new strain on the wireless cell towers to content with. And illegal botnets would have a major advantage in PoW mining. If a business still used PCs, they would still concentrate the devices to one area to save housing costs and you are right back where you started. Plus any new CPU PoW algo can have a ASIC designed for it, so you still don't get off the asic treadmill.
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