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A comment on 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet. Parent comment

Re:94k Bitcoin (1B USD) transferred from unknown wallet to u... by aiCeivi9 on Tuesday September 10, 2019 @04:19AM (#20926119)
Can anybody explain to me why would anybody try to make their alt-coin ASIC-resistant? They claim it is do decrease centralization but like parent says it just makes 51% attack possible with cloud computing and 0 investment in hardware or logistics.
[ Parent | on HN ]
Re:94k Bitcoin (1B USD) transferred from unknown wallet to u... by tempay on Tuesday September 10, 2019 @05:59AM (#20926595)
The issue with ASIC mining is the the barrier to entry is extremely high so only a small number of people have the means to produce the chips. Economically it might not make sense to sell them and, to make the situation even worse, patents can prevent competitors being able to use the same innovations.
[ Parent | on HN ]
Re:94k Bitcoin (1B USD) transferred from unknown wallet to u... by imtringued on Tuesday September 10, 2019 @10:06AM (#20928311)
The first ASIC company can just keep the ASICs for themselves.
[ Parent | on HN ]