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RE: Another Bitcoin Hard Fork?

in #bitcoin7 years ago

Hoping a more futuristic route instead of GPU. Perhaps a smartphone chip maker can come up with mining on their specific chip thus making it special and valuable. Of course then the algorithm may need some changes to suit it. But it will become viable since people need smartphones. Today almost all are very similar if you have a snapdragon highest chip. For example Xiaomi or Huawei just smaller chip maker but they could make it happen to their advantage. So users of their chip will be able to mine while other chips unable or maybe able if they cooperate . Then we have a truly distributed network since smartphones are everywhere, faraway places and more.

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A coin that can only be mined on Samsung Galaxy, that would be "centralization" in my head ... then again, perhaps not worse than Bitcoin, which for almost all practical purposes are only mined on the AntMiner S9. Anyway, think of how disturbing that would be - tons of people always carrying lots of extra USB batteries with them, or never leaving home because they need to be tethered to the electricity network mining coins on their phones.

Also, the algorithm obviously has to be public - there is no way one can stop someone from making an ASIC - except by changing the PoW-algorithm by hardforks every second month or so.

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