ASICBOOST causes Bitcoin's PoW to become more memory/latency throttled instead
of raw computation throttled.
There is the equation:
Power Cost + Captial Rent + Labor ~= block reward + fees
Capital Rent is a barrier to entry, and hence in desiring a more distributed
system, we would like to minimize the Capital Rent portion of the equation.
Resolving memory/latency throttle requires a greater Captial Rent than raw
computation throttle.
Hence (agreeing with Luke), ASICBOOST is not desirable, even if it wasn't a
government enforced monopoly on mining.
Please let me know if I made a mistake.
Thanks,
Praxeology Guy
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