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Topic: Nights Watch by Afrikoin - page 78. (Read 303310 times)

legendary
Activity: 1456
Merit: 1000
April 06, 2017, 10:57:23 PM
At the same time its hard to expect them to agree to a change of the playing field which will render millions they possibly spent on R&D to take advantage of this optimization a total waste.
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
April 06, 2017, 10:49:45 PM
I cant believe maxwell has the audacity to call a miner optimization an attack.  Thats what ASIC manufacturers have been doing all along, optimizing miners.

It's not an optimization though. It's an exploit to gain advantage with no positive benefit to the network. It's not like designing a more power efficient chip or getting cheaper power because those things retain the way they mine blocks. This is using an exploit in the code secretly to gain monetary advantage....

Isnt optimization about efficiency and monetary advantage?  If you had an ASIC manufacturing firm and you discovered a way to create chips which give your miner a monetary advantage would you not pursue it?

I'm not faulting them for doing it but now that it's discovered the advantage will be gone soon and it reveals the motivation for resisting segwit has more to do with loss of their advantage than making bitcoin strong. Optimising your own profits by gaming the code is fair play but it's not what I consider an optimisation to the function of mining or transactions. Since code can be changed, I suspect the advantage will not exist for much longer. 
legendary
Activity: 1456
Merit: 1000
April 06, 2017, 10:35:15 PM
I cant believe maxwell has the audacity to call a miner optimization an attack.  Thats what ASIC manufacturers have been doing all along, optimizing miners.

Where did he say that? I don't think he called Asicboost an attack. By the way according to Bitmain they never used this optimization.. lol what a bunch of liars.

He did call it an attack in the mailing list post.
legendary
Activity: 1456
Merit: 1000
April 06, 2017, 10:34:20 PM
I cant believe maxwell has the audacity to call a miner optimization an attack.  Thats what ASIC manufacturers have been doing all along, optimizing miners.

It's not an optimization though. It's an exploit to gain advantage with no positive benefit to the network. It's not like designing a more power efficient chip or getting cheaper power because those things retain the way they mine blocks. This is using an exploit in the code secretly to gain monetary advantage....

Isnt optimization about efficiency and monetary advantage?  If you had an ASIC manufacturing firm and you discovered a way to create chips which give your miner a monetary advantage would you not pursue it?
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
April 06, 2017, 09:50:28 PM
I cant believe maxwell has the audacity to call a miner optimization an attack.  Thats what ASIC manufacturers have been doing all along, optimizing miners.

It's not an optimization though. It's an exploit to gain advantage with no positive benefit to the network. It's not like designing a more power efficient chip or getting cheaper power because those things retain the way they mine blocks. This is using an exploit in the code secretly to gain monetary advantage and then blocking advancements to the code that would end this exploit but provide needed scaling improvement to everyone's benefit.  I think the price is rising because we are seeing that BU is seen as very likely to have diminished and dwindling support which makes a hard fork less likely.    
full member
Activity: 294
Merit: 103
April 06, 2017, 09:41:45 PM
ASIC mining has always been a den of thieves, scam-artists, conmen and bullshitters.

God knows how many people have been ripped off and turned off bitcoin by collapsed, scammy or outright thieving cheats surrounding ASIC mining schemes. Jihan is just the latest King Rat shithead that is at the top of the dung-heap for now ... the sooner people get used to the idea that ASIC miner producers and mining farms are generally a bunch of scumbag fucktards that have never given two shits about bitcoin the sooner we can move ahead on a sound philosophical basis.

Any devs who try to make nice with the miners is setting themselves up for fail ... the miners need to be treated like shit (mostly because they are a bunch of shit) or else they will ruin it.

Even monkeys and babies know to avoid unhelpful, anti-social individuals.
full member
Activity: 294
Merit: 103
April 06, 2017, 09:40:25 PM
I cant believe maxwell has the audacity to call a miner optimization an attack.  Thats what ASIC manufacturers have been doing all along, optimizing miners.

I can't believe you have the audacity to defend those pieces of shit chinese miners. Really the opinion of who cares nothing about bitcoin!
legendary
Activity: 1246
Merit: 1000
April 06, 2017, 09:30:27 PM
I cant believe maxwell has the audacity to call a miner optimization an attack.  Thats what ASIC manufacturers have been doing all along, optimizing miners.

Where did he say that? I don't think he called Asicboost an attack. By the way according to Bitmain they never used this optimization.. lol what a bunch of liars.
legendary
Activity: 1456
Merit: 1000
April 06, 2017, 09:11:27 PM
I cant believe maxwell has the audacity to call a miner optimization an attack.  Thats what ASIC manufacturers have been doing all along, optimizing miners.
sr. member
Activity: 462
Merit: 263
The devil is in the detail.
April 06, 2017, 08:11:04 PM
Will 750 be real or not? I hope so, waiting till there to buy. We're with you Afrikoin!

I can't believe the price is climbing despite the asicboost bullshit.
full member
Activity: 294
Merit: 103
April 06, 2017, 08:05:43 PM
Will 750 be real or not? I hope so, waiting till there to buy. We're with you Afrikoin!
hero member
Activity: 1022
Merit: 725
April 06, 2017, 06:45:33 PM
We still headed to $750? $1225 first?

Why not 1300 first ?
sr. member
Activity: 462
Merit: 263
The devil is in the detail.
April 06, 2017, 06:35:01 PM
We still headed to $750? $1225 first?
legendary
Activity: 1540
Merit: 1003
alan watts is all you need
April 06, 2017, 06:13:21 PM
legendary
Activity: 1540
Merit: 1003
alan watts is all you need
April 06, 2017, 06:10:53 PM
legendary
Activity: 1540
Merit: 1003
alan watts is all you need
April 06, 2017, 06:07:12 PM
$ETHBTC

vitalik and co in for a rough ride based on technicals if this H&S breaks.

checkpoint at each fib down

https://twitter.com/CarpeNoctom/status/850065894998978560

legendary
Activity: 1540
Merit: 1003
alan watts is all you need
April 06, 2017, 05:32:48 PM
Only one is green. The wrath of #bitcoin as liquidity provider to all the other #cryptoassets.

legendary
Activity: 1540
Merit: 1003
alan watts is all you need
April 06, 2017, 03:50:06 PM
Bitcoin Price Technical Analysis for 04/06/2017 – Next Target at $1225?

http://www.newsbtc.com/2017/04/06/bitcoin-price-technical-analysis-04062017-next-target-1225/
legendary
Activity: 1540
Merit: 1003
alan watts is all you need
April 06, 2017, 03:32:04 PM
sr. member
Activity: 392
Merit: 250
April 06, 2017, 02:30:51 PM
Yes i also expect ETH to make a big downmove. But ETC grewscale trustfund will launch this saturday, by Barry Silbert. So I expect that ETC will go high and the ratio between ETC and ETH will decrease.
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