Sorry guys this pump was me selling extra cakes during today's bake sale. Worry not though, I'm going to spend all my monero so it's going back down really soon. Can't have the price increase like that. ;^)
>>60853772
Successful PoW coins ensure their security by cornering their mining niche. Bitcoin being the SHA-256 coin, Ethereum being the GPU coin. The insane fees were basically the requirement to keep Ethereum by far as the prime GPU coin with a high security budget. If Monero secured the CPU niche but was not greedy enough to exploit it. Was it more greedy with miner rewards, the hash rate would have been way higher. There would be more serious miners and Qubic would not be able to do what it's doing to anywhere near to this extent. Instead of shilling bakecel circular economy, Monero should have gone with a better Swiss bank account narrative. Monero dominating the darknet market would have been happening regardless, even with 1$ fees.
That or have custom ASIC or PoS.
>>60853905
MY very casual and maybe wrong observation is that the devs that are actually developing the good shit like FCMP++ are okay with PoS potentially.
>>60853930
Shit like that is way less plausible than to just restrict the import of ASICs and require license to possess them. Even in my dictatorial shithole they're not doing raids like that but very much do cuck what you can or cannot buy. The latter is more effective.