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A comment on Bitcoin Surges Past $7,000 to Extend Record Rally. Parent comment

Re:Bitcoin Surges Past $7,000 to Extend Record Rally by bpicolo on Thursday November 02, 2017 @10:08AM (#15610485)
> Their focus on gpu mining is a boneheaded mistake

Better to leave random warehouses in China to control the entire pool? How does supporting asics matter in the least other than making it less accessible?

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Re:Bitcoin Surges Past $7,000 to Extend Record Rally by russelldc on Thursday November 02, 2017 @11:41AM (#15611390)
If any government wanted to take down a CPU or GPU based cryptocurrency, they could accomplish a 51% attack in no time. Gathering or manufacturing ASICs would be a longer, harder, more obvious process.
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Re:Bitcoin Surges Past $7,000 to Extend Record Rally by bpicolo on Thursday November 02, 2017 @12:05PM (#15611602)
I'm not convinced that's true. The government can get ASICs produced more easily than they can produce quality GPUs. GPU procurement at the scale necessary seems like it would be very hard.
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Re:Bitcoin Surges Past $7,000 to Extend Record Rally by kharms on Thursday November 02, 2017 @01:25PM (#15612358)
A government would need to produce ASICs, but would only need to commandeer GPUs. There are massive GPU farms used by various industries, including ones available for rent (aws, etc.)
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Re:Bitcoin Surges Past $7,000 to Extend Record Rally by ryanmarsh on Thursday November 02, 2017 @11:49AM (#15611454)
Gathering or manufacturing ASICs would be a longer, harder, more obvious process.

In the short term, true. The same could have been said of integrated circuits at one point. ASIC manufacturing will become cheaper and easier.

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