It's not going to help because it will be even easier for someone to outspend and buy thousands of those "cheap devices". People are acting like ASICS will become some impenetrable hashing force and its just bullshit.
The same could be done with video cards, do you see anyone doing it?
Vladimir himself said the US government could develop a custom ASIC rapidly and take over the network in no time.
Look, I'm not one that believes some central authority will take notice anytime soon, but when they do, ASIC will make it EASIER than it has ever been before to take the network besides the CPU days.
No shit, just like they could install a facility with 100,000 7970s and fuck it over as well.
You don't think some bitcoin ASIC vendor wouldn't love to sell 100,000 units to someone at $1,000 a piece? That's $100 million, which is nothing to a large financial entity. Hell, Bank of america could do that on their own and not blink, or VISA or even f'in paypal probably.
Or they could simply spend their own $1 mil to develop and probably produce 1 million units for $50 million.
If a vendor wanted to sell that many to anyone, why would they bother to offer them to the consumers in the first place? It would be a one-time project after all - once the network was doomed, everyone would quit.
The point is, how long do you think it would take to take over a network of millions of people with smaller devices that require constant monitoring and updating to work? This would take far more time than just throwing a shitload of money at plug and play hardware.
Now if ASIC were to roll out in a few years when there are hopefully millions of global users and hopefully a similar number of miners, it would be far more difficult to attack the network without serious backlash.
FFS, you are completely stupid. I don't even know where to begin with this one.
Why the hell do you think Satoshi wanted the network to stay at the CPU level as long as it did ? He knew this was a weakness in the protocol and rapid technological development in mining could cause serious problems.
There is no protocol weakness, you invented that in your poor backward mind. You are reacting emotionally instead of applying principles and mathematics to the situation to find out the truth of what can and will be happening in the future.
Really, I don't know why it is so hard for you to understand the economics of this situation. You started 2 new threads about this yourself, which shows that you are more paranoid and scared for some reason than you ought to be.
What if, for instance, some company decided to make a $200 box that would give 1Gh/s? Would you buy it? I think you know damn well that you would, and that is just another 1Gh/s that the "bad guys" have to overcome on their quest to take over the network. Combine that with the number of consumers that would purchase such a thing, and that would make any centralized attack
completely infeasible.
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