Topic: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts - page 51. (Read 123288 times)

You're right in that nothing lasts forever. That was a poor choice of words on my part. However, the most likely scenario I see occurring is that CN ASICs fail at a gradual rate and so there will be a long period of time where hashrate becomes more concentrated among fewer machines - perhaps entirely on a Bitmain pool, which would be even worse - yet is still too high (relative to DERO's price) to make mining it with a GPU worthwhile, much less attractive.

Even if that interval only lasts a few months it will be a serious vulnerability for the network, and that was more or less what I imagined happening when I made my earlier post.

 

Satoshi is too smart to not believe that Asics could be developed. I think he knew that something like that would happen.

I think you need to dial back a little, yourself. Nothing lasts forever, including people's decision to mine or not mine something. If the math checks out and money can be made, somebody will mine.

You might want to dial back on the dismissiveness, because the reality is that GPU miners have long since moved their hardware over to other coins and probably don't even bother checking on the DERO network anymore; I know I haven't for several weeks.

In fact, DERO was already known as an ASIC-friendly coin by virtue of it being just that for the last ~3 months, and once it becomes more widely known that it intends to remain on original CryptoNight then it will be forever removed from consideration by GPU/CPU miners, just like nobody but the utter noob thinks about mining BTC with a GPU these days.

Ummm... If irreplaceable ASICs started to fail, the network hashrate would drop and that would slowly lead back to GPU mining becoming competetive again.

Lol, that's the biggest understatement since the black knight lost both his arms in Monty Python and the Holy Grail:




When a project team implies it will do one thing then suddenly does the opposite it is reasonable to think that many will be disappointed, including investors. And I can't help but note that I consider myself more of an investor in DERO, rather than a miner, since I stopped mining back in April and have instead showed my support by being a net-buyer of DERO on the open market.


I previously stated in this thread that I came to agree with the decision to stick with CN for PoW, but now I'm once again not so sure this was the correct decision, but for a different reason: what is going to happen to DERO's network when CN ASICs start failing and can't be replaced simply because there aren't any replacements? *If* DERO grows to the market cap of Monero then ASIC manufacturers will have incentive to make new generations (or batches, anyway) of CN miners, but as of now they certainly don't have any reason to continue producing them.

It would be a terrible irony if the decision that alienated CPU/GPU miners in the name of network security ended up making DERO totally dependent on a shrinking pool of ASIC miners that, ahem, undermines security.

Difficulty has been quite high the last week, but it just went full retard: a single RX 570 is now mining less than 1 DERO per day, at an exchange price of ~$0.44US. Normally I'd look at the high hashrate and difficulty increase as validation of a coin's prospects/value, but this feels forced.

I'm not going to stop mining it, but I am definitely reducing the hashrate allocated to it; that is the prudent course of action when some whale comes stomping down on the little minnow miners.

 You think Satoshi approves of ASICs?

I think ASIC isn't the Issue, The Issue are ASIC sold by the lowest scumbag on earth, right now.

If ASIC was sell by Intel or AMD they will never be an Issue.


Jesus, It's me or the CryptoWorld is really full of technical illiterate with tinfoil ?

Bitcoin Gold is certainly anti-ASIC.  Not sure what you're talking about.

And we would mine Bitcoin if we could. And that was the original vision of Satoshi.  You think Satoshi approves of ASICs?  Bitmain's pools now control 42% of Bitcoin mining.  You think that's a good thing?

And finally, you're missing the main point:  the Dero team was portraying themselves as anti-ASIC and they've now shown themselves to be sellouts.

I wose suposing This new algo its going to be anti asic.
Sadly its not. I wose prepraring to buy and Nice cpu.
Well i Will to have to buy the coins on market.
But i see the people have kinda Lost some hope on the project. Its my feeling.
Lets see if This Change. I like the idea honestly.

Communication - yes could have been better and earlier. They should take the criticism and improve that on that.

But fooling investors? Asic resistance per se is not a goal, only for miners who want to protect their investments.
What Asic resistance stands for in the mind of investors is security of the network from attacks by concentrated hash power. As Dero team has said, many Asic resistant networks now have hidden Asics, which is a great danger and fooling investors who think they buy security.

Dero team took the hard decision and taking all the blows and beatings now to keep the network secure. They could have gone the more easy, more popular route for short term gains. But they did not and that speaks volumes for their commitment and integrity. They are taking the shots now to protect the network and investors.

You all still think i was complaining about the algo.

Which is why i said "F POW"

It wasnt about the POW.

It was about how the team communicated to the community touting asic resistance the whole time (which ultimately drew in a lot of supporters and people to buy the coin because of that)

I dont want them to change their decision. Its their decision.

I never once wanted them to change their decision. Like i said its not about the POW, its about how it was handled and communicated to the community since the initial announcement of Atlantis to the Launch.

There was no change in knowledge about Asics from the announcement of atlantis to the deployment of atlantis (testnet)

That is all.

I'm over it. but you should all remember what is said and what is done are different things.

Wish Dero the best, just dont decieve the community again, or at least communicate it better.

DERO Exchange wallets will go offline after 24 Hrs to support upgrade to DERO Atlantis Mainnet. Keep your seed safe. No-worries,no-panic,no-swap just restore your new wallet from seed after update. For details see https://forum.dero.io/t/early-ann-dero-atlantis-mainnet-is-coming-in-a-few-days/693
Any coming day, you will wake up in Atlantis mainnet.

In addition to above. Team showed ultimate patience in handling several others with many other queries, questions and support.
Everyone knows there is no such supportive team as DERO in crypto world.

I was in the chat at the same time and you did the same that you do here: just not accept it and move on. After people heard the news, people came to chat to ask questions or voice their opinion. After a bit of discussion, they would accept the dev decision or not and leave. But people like you would not stop. Its Ok to voice your opinion. But its not Ok to try to dominate the chat to get devs to change their decision. You would complain and ask the same questions over and over again. You started to complain in the morning and where still typing the same things in the evening . You want to have everybody to have your point of view and the devs change their decision. But the devs wont change and that was obvious. You were getting on the nerves of the other users (the silent majority + the people that are OK with the algo)

Serena....mojo

Im still waiting for a factual response to my questions.

You are conveniently avoiding my questions here.

By doing so You are only supporting a view that is dictatorial.

Why was a banned for raising valid concerns shared by the community?

1.If anyone invest his time/money on a project just because it's anti asic,he is stupid.
etc,Bitcoin Gold?I'm afraid it's not real anti asic now.

2.If someone hate and leave a project just because it's asic friendly,he is also stupid.
etc,Bitcoin.Any one here mine bitcoin with his gpu?

3.For anyone who hate dero:

PLS DUMP YOUR DERO NOW!
PLS DUMP YOUR DERO NOW!
PLS DUMP YOUR DERO NOW!




And I will take them all.

This coin is no longer interesting.

I have some concerns about the way Dero intends to run.

As far as I know, the team intends to incorporate, and after that, they'll reveal themselves, correct? But we all know the privacy focused projects are at risk of start to suffer some kinds of regulation tries by authorities (just a matter of time in my opinion), or even be banished from exchanges (we are seeing this with some japanese exchanges). But many of them are community governed, like Monero for example. Besides the fact of some developers having their identities known, it's open source, and if anything happen, any member of the community can take over it, and the project will keep running and being developed (after all, the code is open source), so, maybe it's safe to say it can't be "stopped".

Even in the case of Bitcoin, which isn't privacy focused, when Satoshi "vanished", the project kept its development by a fundation, with Gavin taking Satoshi's "role", and many community supporters actively contributing to it. And as the code is open source, even if authorities try to stop it or if it suffer any other kind of interference, anyone sufficiently skilled can keep the project running.

Many times I've saw team members telling the code will not be open soruce, but publicly released for review only, and so, technicaly it will not be availible to be forked or continued by others. Having said that, if the project incorporates as it intends to, it will be subjected to the authorities, whatever the country where it will be based on, and it may be vulnerable to any kind of regulation or interference which that central power may estabilish in the future. I think that's a real possibility, since it's a privacy project.

So, I have some questions about this matter. First is how the team, as a corporation, pretends to protect itself as any kind of possible external interventions? And the second is, let's suppose something worse happens, and (in a possible hypothetical situation, obviously, but not impossible to occour in the real world), the team be unable to continue the project for any reason: it wouldn't be possible a community takeover to continue it with a non open source code?

Thanks.

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