66 - Intro to Monero: With Seth for Privacy
Watchman Privacy
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The Risks of No ASEC Mining for Bitcoin
The goal behind ASEC resistance is to prevent a single company who makes ASEC from having an outsized control over the Monero mining process. "It enables decentralization in a unique way compared to ASEC mining on any other cryptocurrency than Bitcoin," he says. But for smaller cryptocurrencies where we can't guarantee you that three or four different ASEC companies and different jurisdictions will want to create ASECs, it becomes much more risky.
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