ASIC resistance and the demands of decentralization

In the original Bitcoin white paper, Satoshi envisioned egalitarian mining with commodity hardware, what he described as “essentially one-CPU-one-vote.” At the time, miners could use regular CPUs to solve blocks, and Satoshi believed using common hardware was a good idea. In December of 2009, when user ‘SmokeTooMuch’ suggested on BitcoinTalk that developers create a GPU Bitcoin miner, Satoshi said,

The average total coins generated across the network per day stays the same. Faster machines just get a larger share than slower machines. If everyone bought faster machines, they wouldn’t get more coins than before.

Original source
https://www.theblockcrypto.com/2019/04/17/asic-resistance-and-the-demands-of-decentralization/?utm_source=rss&utm_medium=rss&utm_campaign=default

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