| ▲ | robocat 4 days ago | |
> It is inevitable that a manufacturer of BTC asics with access to cheap power will become large enough to control 51% of the hash The ASIC manufacturer would also need a backdoor. ASIC manufacturers don't control mining. Large miners are unlikely to allow backdoors into their mining network. | ||
| ▲ | fruitworks 4 days ago | parent | next [-] | |
ASIC miners often do control mining. They often mine with chips before they drop them in the public market | ||
| ▲ | passivegains 4 days ago | parent | prev | next [-] | |
I think they mean the manufacturer would just keep most of the stock for themselves. Reminds me of that famous Scarface quote: "You should get high on your own supply, it's a great idea that won't end horribly." | ||
| ▲ | idiotsecant 4 days ago | parent | prev [-] | |
>ASIC manufacturers don't control mining. I dont think you understand the BTC mining ecosystem | ||