Ethereum just activated its ‘London’ hard fork

Re:Ethereum just activated its ‘London’ hard fork by lottin on Thursday August 05, 2021 @03:22PM (#28078289)

> There is no way to acquire a permanent, unassailable monopoly over ASIC hardware in general.

Is ASIC hardware made of silicon? In that case, an entity who owns the entire supply of silicon has a "permanent, unassailable monopoly over ASIC hardware in general".

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Re:Ethereum just activated its ‘London’ hard fork by samatman on Thursday August 05, 2021 @03:36PM (#28078462)

I hope you're joking?

Silicon is the second most abundant element in the Earth's crust, after oxygen: and only because there are two oxygens in silicon dioxide.

If someone corners the market on silicon, Bitcoin dominance is the least of our problems.

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Re:Ethereum just activated its ‘London’ hard fork by lottin on Thursday August 05, 2021 @03:51PM (#28078697)

OP's argument is that PoS is a problem because the supply of tokens is finite, and that PoW doesn't have the same problem because it relies on physical capital instead.

But physical capital is also finite.

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