Well, "people suck" is not really a technical argument for anything. If being right about something (that people suck) makes you miserable, then maybe try being wrong instead.
People suck because they want to regulate bitcoin and make it just like everything else. They are so parasitic they don't understand the importance of freedom, freedom that comes being able to do everything yourself. They are so braindead and zombie-like you can't make them understand ANYTHING.
Bitcoin mining is a very experimental idea. About that out-of-control competition causing mining equipment to become obsolete, why would it be risky? Could some "tragedy of the commons" happen? You haven't made the case. My earlier point was similar to the case for "Proof of Stake": that endless PoW mining is inefficient and structurally unnecessary. Bitcoin is an excellent example where a "rough diamond" is gradually optimised -- and that includes miners converging into pools and developing new technologies that are more efficient than the old CPU and GPU mining. Eventually, leaders naturally emerge, and the problem becomes political in nature, and the inflation becomes an Argentinian-style tax on savings. Then we should ask: what government services will the pool owners provide, in exchange for our bitcoin fees?
My point is that a pentium 133mhz uses about 15 watts of power at the maximum. Just because things get more complicated and smaller doesn't make them more efficient. Understand the value of being able to save money. Getting things done faster and faster is just chasing the dragon. There is actually a reason people get upset about the ASICminers being so expensive. They are unnecessary. If we kept it at GPU/CPU mining like with litecoin, well, you'd have litecoin profits with bitcoin
That's the value of keeping old hardware. They may mine slower, but so what? The value is still there and I enjoy using litecoin.
Is it really that bad if someone gets forced out of mining because they don't have the technical skills to develop their own FPGAs and custom ASICs?
Yes. I don't like the fact that there are supposed scrypt asics in existence, now.
If people try and it turns out that they can't compete in that space, then it's not their calling. Try something different.
The fictional world of Star Trek is a vastly different situation from our earthly needs.
You are missing the point. Star Trek has nothing to do with whether or not you can place value on not always getting paid for what services you bring. Sometimes the value is in helping someone you love. Ideas such as property ownership is stupid. All it does is make big government get bigger and meaner and more evil. You just need to defend your living space you don't need the government putting invisible lines on it. It doesn't actually protect you from anything as your neighbors don't respect you to begin with and generally if someone violates your privacy or vandalizes your property the cops will take the criminals side. It's easy just to go find land where no one else is and just setup camp like the old settlers did. This was before banks had control of the entire continent of north america, however.
However, we don't need to be star trek staff to mine bitcoin and enjoy it. But we seem to be fast approaching it. Already they are talking about quantum technology, and it's making me sick. You know, there are actual ways you can do things completely anonymously, break up networks into pieces and prevent the NSA quantum computers from hacking your shit. No one wants to try though. And yeah I can make something useful like that, but no one will use it because everyone wants to recreate the tyranny they love to force onto others. So now we have banks using bitcoin which wasn't the point of bitcoin. I don't like the idea that banks have ANYTHING to do with bitcoin.
EDIT: I'd like to add that a pentium 3 500 will actually do everything you will ever
need a PC to do. Video games like crysis aren't really most people's goal. And who cares about crysis anyways? It's a shitty game with poorly coded graphics rendering that hogs up your system's memory and wastes electricity. But look what they did with litecoin. We are using old mining hardware for FUN! But why stop at a 7970? Let's go back and figure out how to use opengl to hash. Use a different hashing aglorithm to get it done and use a pentium 3 500 in conjunction. Design web pages built to run efficiently on a pentium 3, and if the network grows enough, you'll get a lot more websites designed for that. The entire computer culture could shift back to efficiency and ease of use.There are still websites that keep the neat and clean look of the late 90's. And if the value of mining for some kind of crypto-currency is enough people will have no problem buying older systems and booting them back up again because they will make money. Old games that were extremely fun will also see the light of day again. And it would all save electricity.
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