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A comment on Radeon RX 6500 XT is bad at cryptocurrency mining on purpose, AMD says. Parent comment

Re:Radeon RX 6500 XT is bad at cryptocurrency mining on purp... by randomhodler84 on Tuesday January 11, 2022 @05:48PM (#29899479)
There are many business that run their own payment infrastructure, BTCPay is the most popular. It is better for the network if people DONT use centralized providers. We all have the power to use decentralized infrastructure.

Bitcoin works the way it is intended, that is peer to peer payments. Everything else is just ecosystem, which can be replaced. Coinbase is important as an on-ramp for users for now, yes, but their importance to the network is peripheral.

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Re:Radeon RX 6500 XT is bad at cryptocurrency mining on purp... by dragontamer on Tuesday January 11, 2022 @05:54PM (#29899554)
And the Exim email-server and "bind" DNS server is "decentralized", except everybody uses gmail.com, or even centralized upon AWS.

There's your theory, and there's the practice of the internet and business. In theory, they should be the same. In practice, they're different.

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Re:Radeon RX 6500 XT is bad at cryptocurrency mining on purp... by randomhodler84 on Tuesday January 11, 2022 @06:03PM (#29899674)
Bitcoin doesn’t care about businesses. It doesn’t care about peoples wishes. It doesn’t care that everyone else is using Gmail. It provides a peer to peer, censorship resistant append only ledger for transactions secured by cryptographic signatures and proof of work. That is all. And that is plenty.
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Re:Radeon RX 6500 XT is bad at cryptocurrency mining on purp... by codebolt on Wednesday January 12, 2022 @01:09AM (#29902940)
Without an on-ramp and off-ramp for converting into dollars/euros, Bitcoin is entirely useless, even for the hardcore idealists like yourself. And those can quite easily be made illegal.
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Re:Radeon RX 6500 XT is bad at cryptocurrency mining on purp... by bavell on Tuesday January 11, 2022 @09:11PM (#29901430)
I agree. I think you two are talking past each other to a degree - Bitcoin the protocol is decentralized, Bitcoin the ecosystem in 2022 is moderately centralized in various ways.
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