Who Wants Jihan Wu's Head on a Platter?

[mr.mister]

I know I do. It looks like it is now confirmed that he has been covertly using AsicBoost and not passing on the profits to the miners. If Segwit goes through, it could bankrupt him, and render his mining equipment useless. He has a similar plan for LiteCoin since he controls a high percentage of the mining for LTC.

What do you guys think of Jihan Wu?

[franky1]

asic boost existed before segwit

if you think asics are attacking blockstream then time travel must be possible.

yet, using logic
gmax one month ago realised his 'going soft' approach was not as compatible with the network as he thought. but instead of re-coding segwit to fit around the network he wants his flock to point fingers at the pools and blame them for why segwit will have issues being accepted.

funny part is, gmax and his flock actually proposed to 'go soft' purely to avoid users consensus. as a way to escape anyone sayin no.. but now gmax has found the code for going soft is his own downfall

if only gmax actually done a proper 1merkle full node+pool consensus and using that oppertunity to include dynamics aswell.. alot of time, delay and debate could have been avoided

[mr.mister]

asic boost existed before segwit

if you think asics are attacking blockstream then time travel must be possible.

yet, using logic
gmax one month ago realised his 'going soft' approach was not as compatible with the network as he thought. but instead of re-coding segwit to fit around the network he wants his flock to point fingers at the pools and blame them for why segwit will have issues being accepted.

funny part is, gmax and his flock actually proposed to 'go soft' purely to avoid users consensus. as a way to escape anyone sayin no.. but now gmax has found the code for going soft is his own downfall

if only gmax actually done a proper 1merkle full node+pool consensus and using that oppertunity to include dynamics aswell.. alot of time, delay and debate could have been avoided

There is proof that He is still using AsicBoost. Jihan Wu, in my and many others' opinions, is a dirt ball.

[jonald_fyookball]

There is proof that He is still using AsicBoost. Jihan Wu, in my and many others' opinions, is a dirt ball.

Legally, he is allowed to use AsicBoost. 

Why do you feel he is a dirt ball?

[franky1]

There is proof that He is still using AsicBoost. Jihan Wu, in my and many others' opinions, is a dirt ball.

or you just cant accept that blockstream dev's have flaws, and are human.. rather than gods

[mr.mister]

There is proof that He is still using AsicBoost. Jihan Wu, in my and many others' opinions, is a dirt ball.

Legally, he is allowed to use AsicBoost. 

Why do you feel he is a dirt ball?

Of course, legally he is allowed to use it, there are no laws against it. He is using it, and not passing the gains to the miners.

" The assertion is that Bitmain is not only blocking a technical solution favored by the Core developers (through its support of alternative development teams), but doing so because it would enhance its profitability at the expense of users." http://www.coindesk.com/bitcoins-new-controversy-asicboost-allegations-explained/


AsicBoost cause the network problems.

[franky1]

Of course, legally he is allowed to use it, there are no laws against it. He is using it, and not passing the gains to the miners.

" The assertion is that Bitmain is not only blocking a technical solution favored by the Core developers (through its support of alternative development teams), but doing so because it would enhance its profitability at the expense of users." http://www.coindesk.com/bitcoins-new-controversy-asicboost-allegations-explained/


AsicBoost cause the network problems.

lol remove illogic of time travel and all your left with is the logic of:
asicboost existed before segwit
segwits 'going soft' with 2merkle method hit a snag


solution do a proper node+pool CONSENSUS with extra added features like dynamics. then the community will be united and no snag

[GreenBits]

There is proof that He is still using AsicBoost. Jihan Wu, in my and many others' opinions, is a dirt ball.

Legally, he is allowed to use AsicBoost. 

Why do you feel he is a dirt ball?

Of course, legally he is allowed to use it, there are no laws against it. He is using it, and not passing the gains to the miners.

" The assertion is that Bitmain is not only blocking a technical solution favored by the Core developers (through its support of alternative development teams), but doing so because it would enhance its profitability at the expense of users." http://www.coindesk.com/bitcoins-new-controversy-asicboost-allegations-explained/


AsicBoost cause the network problems.

If ASICboost can be determined to have caused damage to other miners (through suppression/ hindering of the network) and affected their profitability, than there may be the possibility of litigation in a civil court. It wouldn't be a stretch to prove that he caused damage to other miners to maximize profits, and if they didn't pass on the extra earnings to participating pools,.then depending on the contractual agreement, that could be fraud.

Bitcoin is the wild west

[franky1]

when the ASIC boost drama first got publicised by gmaxwells tears of woe
i done some maths on the top 4 pools to see which pools were 'luckier' than others

just done some quick maths


* stats at time of post

hmm
looks like BTCC and F2pool are the ones making more blocks than their hash %
not the other way round

*for those wishing to question the numbers

i have checked other dates and seen no 20% advantage
even today there is only~ +-1% variance of luck

[felipehermanns]

Again this 2 paid guys talking trashh. Just shut up bug supporters.

[franky1]

Again this 2 paid guys talking trashh. Just shut up bug supporters.

lol refute the content, which i know you cant.

secondly.
you calling me a "bug" guy is just revealing your repeating words from other people by using such scripted buzzwords.
same as people trying to pigeon hole me in what ever other decentralised implementation was last year and year before.
its funny how that script keep repeating itself

thirdly
if you think the debate is just BU vs core then you really have been fooled by your reddit scripts.
(hint there are over a dozen different /brands).

the debate is more about blockstream centralisation vs bitcoin network.
where by if you defend blockstream more then bitcoin network (of many implementations) you are revealing more about your own rhetoric that you want blockstream centralisation

where by if you defend blockstream more then bitcoin network (of many implementations) by thinking only core should exist and only because you love the devs of blockstream (P wille, gmax, luke Jr etc) again you are revealing more about your own rhetoric that you want blockstream centralisation

however if you wak up and realise that the bitcoin network can and should run for centuries and realis that blockstreams dev team will move on in a couple years to hyperledger or retire (yep human coders are temporary)
you will see ass kissing devs, and kissing their ass over such a temporary half gesture.. rather than thinking long term about the bitcoin network as a whole.. will be your own failing

[jonald_fyookball]

Of course, legally he is allowed to use it, there are no laws against it. He is using it, and not passing the gains to the miners.
 

I assume you mean the miners in Antpool?  But if what you are saying is true, why don't the miners simply join one of the many other pools?

[Yakamoto]

I know I do. It looks like it is now confirmed that he has been covertly using AsicBoost and not passing on the profits to the miners. If Segwit goes through, it could bankrupt him, and render his mining equipment useless. He has a similar plan for LiteCoin since he controls a high percentage of the mining for LTC.

What do you guys think of Jihan Wu?

I don't know if I have enough information to really have an informed opinion on the guy, but from my understanding the guy is scummy and I don't have any support for him at this time. That is, again, just based off of what I've heard about him through the forum essentially.

Doesn't really surprise me that he has such a large mining share, seems almost expect at this point.

Can someone fill me in as to how long he's been in the mining scene? If it's been a long time then I can't say I'm all that surprised.

[franky1]

I don't know if I have enough information to really have an informed opinion on the guy, but from my understanding the guy is scummy and I don't have any support for him at this time. That is, again, just based off of what I've heard about him through the forum essentially.

Doesn't really surprise me that he has such a large mining share, seems almost expect at this point.

Can someone fill me in as to how long he's been in the mining scene? If it's been a long time then I can't say I'm all that surprised.

he has been involved in mining ASIC hardware since early 2013, and started selling them to ANYONE by about october 2013
by being involved so long actually debunks the fake drama of asics being made purely to attack segwit.
especially since segwits public release was october 2016

[iamTom123]

I know I do. It looks like it is now confirmed that he has been covertly using AsicBoost and not passing on the profits to the miners. If Segwit goes through, it could bankrupt him, and render his mining equipment useless. He has a similar plan for LiteCoin since he controls a high percentage of the mining for LTC. What do you guys think of Jihan Wu?

In my opinion, since we already know the intentions of these people which is just to get as much profit as they can and which can just be natural since they are in the business of making money, I think it is time to move on and find real and acceptable solutions to the begging problems which Bitcoin is now facing. Until there can be a unified solutions, the same problems can exist and just using band-aid strategy will not work in the end. I am sure that there are real solutions to these challenges just waiting to be explored and accepted by all. Hope that day can be expedited.

[topminingcontracts]

Of course, legally he is allowed to use it, there are no laws against it. He is using it, and not passing the gains to the miners.
 

I assume you mean the miners in Antpool?  But if what you are saying is true, why don't the miners simply join one of the many other pools?

I believe that the miners is not Antpool. They were the bitmain. Through the support lost on BU now he is out of control. Even now as OP mentioned his focus might be towards litecoin, but there he cannot simply protrude and make changes as already segwit has gained more than 75% support.

[Slark]

I know I do. It looks like it is now confirmed that he has been covertly using AsicBoost and not passing on the profits to the miners.

Where it was confirmed, do you have a source? Last news I know is when Bitmain declared that they (or anyone else) never used AsicBoost.

If Segwit goes through, it could bankrupt him, and render his mining equipment useless.

Bankrupt? I don't think so AsicBoost is not that amazing, what is this? AsicBoos is a 20% additional hash power?
It won't exactly make ASICS useless. Additional mining power might bring enough profit to fight for but not enough to bankrupt Bitmain.

He has a similar plan for LiteCoin since he controls a high percentage of the mining for LTC.

I thought we reached 75% support for SegWit - consensus level for LTC already.
http://litecoinblockhalf.com/segwit.php

[mr.mister]

It appears Jihan Wu has soldiers trying to control PR damage.

[franky1]

It appears Jihan Wu has soldiers trying to control PR damage.

when time itself proves he did not make asics purely to attack segwit
when maths shows he is not even 20% luckier
when logic shows the same

all that is left is that segwit is not the utopian codebase made by immortal gods, but humans who thought they could slide in a tier network via a backdoor to avoid community consensus, and last month a flaw in that has been found.

the only direction the fingers should be pointing is back at the devs to re-try something a little different the community will accept

think logically. practically and rationally.

[Kprawn]

OP, why did you create a BU shill paradise thread for Franky and jonald 

Jihan Wu did what most other people would have done, if they found a loophole to exploit the system... "they used their advantage to make more

money" .... When we were kids we found a way to play Arcade games for free and we made full use of that exploit.... BUT the Arcade owner did

not make profits and they were forced to close down the place. The same thing will happen, when these greedy people get hold of exploits in

Bitcoin. {They will exploit it and in the end people will leave and they will have no "Arcade" to exploit}