ASICBOOST Aftermath: What Now Must Be Done?

[jonald_fyookball]

You're still buying into the propaganda.   Hang Jihan from the highest tree if you want... i don't care -- We simply need bigger blocks.

Oh hogwash. We need increased transaction capacity. We have SW and LN, and you BU shills have been fighting progress for all you are worth.

It's like listening to someone keep saying that we need a 2nd horse on the horse cart, when semi trucks with diesel engines are available.

SG not activated...wont be... has less support from miners than BU.

That's like me saying:  "I need a car"... and you saying "well you can have this 1942 ford pickup in my driveway that barely hits 45 mph... but you
can only have it if 95% of the neighborhood agrees..but right now you have to walk."

LN still needs big blocks to work (it says so in the whitepaper) .....why can't you see that Core is obstructing common sense scaling?  It's so plain and obvious.

I don't care about BU.... I really don't ... calling me a "BU shill" just shows me you've swallowed the propaganda.

BU is just one way to get bigger blocks.  There's classic, coreEC, flexcap, other ABC proposals, extension blocks..etc... segwit is
the least palatable on-chain scaling , its minimal, and miners don't support it.

what propaganda you talk about now? Is not propaganda that a single Miner with the most hashrate attack the majority of bitcoin developers and propose a crap flaw code that twice crashed in two months only by a simple call script?
Is not propaganda that miners refuse to enable an over a year tested solution again from the majority of bitcoin developers?
and is propaganda everything else?
Look man. There are three types of ppl with your opinion. Payed shadow puppets, tech blind, or trolls. You can choose where you fit there.

No offense, but you don't seem to have great listening skills -- I just said (in the post you just quoted)  I'm NOT of the opinion we need BU necessarily -- its just one of many on chain scaling proposals.

Don't attack me that the miners aren't going for Segwit.  Here's some articles explaining why its not loved: http://bit.ly/2nBT4sN

There's no logical reason the community couldn't have agreed to simple block increase years ago, except for core propaganda.
We were all fooled but now is the time to wake up.

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[chek2fire]

as i remember the first block size increase proposal for the "chief scientist" Gavin was 20mb! this is ridiculous and completely insane in tech term. How you think everyone will easy follow this crap and let bitcoin to exploit and become a bloatable unusable system?
The second proposal was from Hearn and with the hidden feauture of blocking specific ip transactions form bitcoin.
Yeah with this terms you cant no go anywhere in bitcoin world. If you need such "features" there is already paypal outhere

[franky1]

lets see what the maths really tells us

this post is very clear to anyone that you not even understand what we talk about here.... what a crap
what has to do this with ASICBOOST? Ver is You?

asicboost should be showing a 20-30% advantage not a minus% disadvantage

now show me your stats
dare ya!

[Carlton Banks]

Capitalism thrives on a free market. There is a reason monopolies are prohibited by capitalist nations where feasible, and a monopoly is where things are headed at this point.

Explain how a market can be free when a government prohibits some behaviour by some market participants (regular people) and not that of others (corporations).


Corporations pay no tax (and frequently get tax rebates for donating to "charities"), flout regulations, receive light-touch fines, and use their dominant position to force smaller competitors out of the market, or they use the precious government rules to "legally" buy up their small rivals with hostile takeovers. As well as 1001 other underhand tactics that abuse the so-called "legal safety net".

You don't understand what "free" means. There are no capitalist nations, it's all carefully crafted fascism, where the state and corporations act hand in hand.

[chek2fire]

lets see what the maths really tells us

this post is very clear to anyone that you not even understand what we talk about here.... what a crap
what has to do this with ASICBOOST? Ver is You?

asicboost should be showing a 20-30% advantage not a -1% disadvantage

yes but this advantage will show as their current hahsrate in the statics and not their hashrate and you manual calculate +30%.
if you want to proper calculate current mining hashrate you must remove 30% from it and then you can compare the blocks that create with the blocks that will original create with this -30% hashrate.

[XbladeX]

****
There's no logical reason the community couldn't have agreed to simple block increase years ago, except for core propaganda.
****

have you tried run FULL NODE ? I am and guess what it takes full week to sync with network this is 100GB if you start upgrading network how much space i will need in 10 years ?
TO get Visa dream you need 1000MB per block and about 370TB data.
Big blocks are death to p2p system once you can not validate send own blocks this is not p2p currency but some king centralized paypal. Not everybody have PC for 1000$+ to run full node.

Current sytuation with Bitmain just prooves how fucked central mining is. They block solutions to save own biggest intrest this is big shit. This will be trown on free market and free market will say to you that better is have centralized Etherum than greedy miners

[jonald_fyookball]

****
There's no logical reason the community couldn't have agreed to simple block increase years ago, except for core propaganda.
****

have you tried run FULL NODE ?

Nope.  Satoshi never wrote about non-mining full nodes and I don't see any personal benefit to me why I should run one.

[Carlton Banks]

Nope.  Satoshi never wrote about non-mining full nodes and I don't see any personal benefit to me why I should run one.

.....and there we have it.

R.I.P, jonald_fyookball, March 2, 2014, 07:09:01 AM - April 6, 2017, 5:03:53 PM


He advocated for big-blocks, so that others would pay the price.

Died in his own BS. He will be gladly missed.

[ebliever]

Please ignore the BU shills that keep piling on and obfuscating everything. They will kill bitcoin if they keep it up and prevent a solution to this crisis.

Further, Bitmain is performing a patented hardware optimization.
The patents mean that other miners are unable to capitalize on these
optimizations. These optimizations are to the tune of 30%. If you give one
player in the mining industry a permanent 30% cost advantage they will
eventually own everything. It's an industry where margins tend towards zero.
...
But you need to recognize that the issue is not that Bitmain ran a hardware
optimization. It's that hardware optimizations exist which directly inhibit
upgrading the protocol. And it's that hardware optimizations exist
encumbered by patents enough to give one party a decisive advantage in
mining, decisive enough for them to build a single, centralized monopoly.

(David Vorick, https://www.mail-archive.com/bitcoin-dev@lists.linuxfoundation.org/msg05082.html)

Greg's proposal is in line with the principles of cryptocurrencies:
PoW-based cryptocurrency can work only if there is a competition between
miners, which requires all miners to have equal access to the technology.

The notion that Bitmain is entitled to future profits is completely
ridiculous. Every investment has a risk, and doing unusual stuff which
boosts your profits is associated with increased risk. Developers just need
to make sure all miners are on equal grounds, as that's the whole point of
the protocol.

(Alex Mizrahi, https://www.mail-archive.com/bitcoin-dev@lists.linuxfoundation.org/msg05093.html)

Lots more good food for thought at the discussion in these links.

[Minecache]

Why is BTC price rising?

[cellard]

Nope.  Satoshi never wrote about non-mining full nodes and I don't see any personal benefit to me why I should run one.

.....and there we have it.

R.I.P, jonald_fyookball, March 2, 2014, 07:09:01 AM - April 6, 2017, 5:03:53 PM


He advocated for big-blocks, so that others would pay the price.

Died in his own BS. He will be gladly missed.

How can even claim that? the original bitcoin qt allowed people to mine with their compute while running the node so whats the deal?

Also satoshi claimed that a hard fork in btc would be a disaster.

[chek2fire]

Why is BTC price rising?

because many felt to this Jihan Fud trap before.

[Carlton Banks]

Nope.  Satoshi never wrote about non-mining full nodes and I don't see any personal benefit to me why I should run one.

.....and there we have it.

R.I.P, jonald_fyookball, March 2, 2014, 07:09:01 AM - April 6, 2017, 5:03:53 PM


He advocated for big-blocks, so that others would pay the price.

Died in his own BS. He will be gladly missed.

How can even claim that? the original bitcoin qt allowed people to mine with their compute while running the node so whats the deal?

Also satoshi claimed that a hard fork in btc would be a disaster.

They're all starting to froth at the mouth, the cheap tricks aren't working.


When will they learn: when you lie in the information age, true information has a habit of catching up with you, fast.

[franky1]

lol

i didnt see people crying when an AMD CPU had an advantage vs a Intel CPU
i didnt see people crying when an ATI GPU had an advantage vs a Geforce GPU

but all of a sudden "bomb ASICS coz gmaxwell says so"

why the sudden bomb threats and deadlines and blackmails..
is the $70m debt recovery process coming soo soon?

[chek2fire]

lol

i didnt see people crying when an AMD CPU had an advantage vs a Intel CPU
i didnt see people crying when an ATI GPU had an advantage vs a Geforce GPU

but all of a sudden "bomb ASICS coz gmaxwell says so"

why the sudden bomb threats and deadlines and blackmails..
is the $70m debt recovery process coming soo soon?

personal i am not see a problem for someone to cheat mining. The problem will be with Jihan and other miners. This story only expose how shadow puppets is guys like Ver and Jihan and what lies he spread over a year now.
They not want to "help" bitcoin as they say. They not want bitcoin to be a succeed as they say. they only care about their profit and they personal wealth and for that reason they will not care even  if bitcoin completely collapse.
what about mining. do you understand how you calculate hashrate now? I think this ASICBOOST is like trading bot of chinese miners. If developers can remove this then we will all see the true hashrate from china

[Yogafan00000]

****
There's no logical reason the community couldn't have agreed to simple block increase years ago, except for core propaganda.
****

have you tried run FULL NODE ?

Nope.  Satoshi never wrote about non-mining full nodes and I don't see any personal benefit to me why I should run one.

Dude. Sour. Really fucking sour.   

[Blockonomics.co]

lol

i didnt see people crying when an AMD CPU had an advantage vs a Intel CPU
i didnt see people crying when an ATI GPU had an advantage vs a Geforce GPU

but all of a sudden "bomb ASICS coz gmaxwell says so"

why the sudden bomb threats and deadlines and blackmails..
is the $70m debt recovery process coming soo soon?

The problem here isn't ASICBOOST. The problem is that Jihan Wu (and others) are actively blocking SegWit for their own personal gain, while pretending that it is a difference in principle and they are acting to help us all.

[ebliever]

Why is BTC price rising?

For the same reason it was dropping when it looked like Bitcoin Unlimited might succeed. Their attempt to monopolize mining and control of the Bitcoin protocol was great for Bitmain, and ugly for everyone else. Plus they've been blocking Segwit and the Lighting Network. Now that they've been exposed we have a much better chance to beat back their effort and ultimately put Bitcoin back in a healthy competitive state.

BU supporters will tell you they have the economic majority, but there have been a number of surveys showing the opposite (and none from them showing significant BU support outside of Bitmain's cartel), and this price rise is further evidence. I put $9K that I'd pulled out of bitcoin right back in last night after I digested the news myself, as a case in point. That's a big chunk for me.

There was just no reason to believe bitcoin would have survived as a desirable store of value under a Bitmain dictatorship seeking to maximize short-term miner revenue. If their influence can be eliminated Bitcoin can soar again.

[Minecache]

Why is BTC price rising?

For the same reason it was dropping when it looked like Bitcoin Unlimited might succeed. Their attempt to monopolize mining and control of the Bitcoin protocol was great for Bitmain, and ugly for everyone else. Plus they've been blocking Segwit and the Lighting Network. Now that they've been exposed we have a much better chance to beat back their effort and ultimately put Bitcoin back in a healthy competitive state.

BU supporters will tell you they have the economic majority, but there have been a number of surveys showing the opposite (and none from them showing significant BU support outside of Bitmain's cartel), and this price rise is further evidence. I put $9K that I'd pulled out of bitcoin right back in last night after I digested the news myself, as a case in point. That's a big chunk for me.

There was just no reason to believe bitcoin would have survived as a desirable store of value under a Bitmain dictatorship seeking to maximize short-term miner revenue. If their influence can be eliminated Bitcoin can soar again.

Thanks. I'm a Core supporter now.

[jonald_fyookball]

****
There's no logical reason the community couldn't have agreed to simple block increase years ago, except for core propaganda.
****

have you tried run FULL NODE ?

Nope.  Satoshi never wrote about non-mining full nodes and I don't see any personal benefit to me why I should run one.

Dude. Sour. Really fucking sour.   

 

Long before the network gets anywhere near as large as that, it would be safe
for users to use Simplified Payment Verification (section to check for
double spending, which only requires having the chain of block headers, or
about 12KB per day. Only people trying to create new coins would need to run
network nodes. At first, most users would run network nodes, but as the
network grows beyond a certain point, it would be left more and more to
specialists with server farms of specialized hardware. A server farm would
only need to have one node on the network and the rest of the LAN connects with
that one node.