Is a Mining Manufacturer Blocking SegWit to Benefit from ASICBOOST?

[LiteCoinGuy]

Is a Mining Manufacturer Blocking SegWit to Benefit from ASICBOOST?

In a post on the Bitcoin development mailing list today, Blockstream CTO and long-time Bitcoin Core contributor Greg Maxwell laid out the case that an unnamed Bitcoin mining hardware manufacturer is using a flaw in Bitcoin’s proof-of-work implementation to gain an efficiency advantage of up to 30 percent over other miners.

https://bitcoinmagazine.com/articles/mi ... asicboost/

------------


Jihan found an exploit in the bitcoin code that gives him a major mining advantage, this exploit (and his advantage) are eliminated by segwit.

He doesn't want to give up the major competitive edge he currently has that is earning him tens of millions per year in additional revenue.

Its like if you are playing an online game and you found a hack that lets you fly while others cannot and you have the power to prevent an update that would eliminate your power to fly. Only in this case we are talking about someone blocking billions in new investments and features in a revolutionary currency system for their own personal gain.


------------


So, Blockstream is holding back bitcoin scaling so they can profit from their centralized product?

• Nope, that was Bitmain

So, SegWit is just overly complex code to sneak in discounts for Blockstream's "products"?

• Nope... that was Bitmain realizing SegWit negated their already profitable discount and ruined their product.

So Blockstream wants the bitcoin market to be centralized through a few central companies and hubs?

• Nope, that was Bitmain that wanted to maintain centralization of mining hardware and hashing power through their company and hubs.

So, Blockstream is centralized development and wants everyone to run the code that makes their company valuable?

• Nope, it is Bitmain that supports any competing client, regardless of the effect on Bitcoin, in order to maintain the code that is specifically profitable for them and them alone.

-----------

https://twitter.com/CollinCrypto/status ... 0465783808



Nice move from Jihan and Roger, nice move.

[LiteCoinGuy]

-Create Bitcoin Unlimited (Riddled with bugs)

-Cause massive hate and upheaval in the community alongside other noted members (Roger Ver)

-Have such a strong desire to profit that you are willing to potentially undermine the entire system your machines are built to secure.

-Disingenuously present a facade to the public while hiding your true motivation.

-Not considering the impact you have on the entire ecosystem in pursuit of profit, which you have clearly already made a lot of. Or worse, not caring about the consequences once you turn a profit.

I would need a years supply of soap to wash that taste out of my mouth, you have deeply disgraced the community and lack moral fiber Jihan.

[bitkilo]

I don't care who this guy is or who he works for he should be ashamed of himself for not playing fair for so long , if he has know about this bug for years and has been exploiting it then what sort of role model is he for the bitcoin community.
I'm sure his not the only one but if we let this set in then we won't be much better than some banks soon enough, we need to encourage fair play.

I know that there probably are a few miners who don't play fair all the time and i have just finished reading a piece on a selfish mining so as we know the mining field is a hostile area, i think it would be good if something could be done to keep checks on which miners are playing fair but i know next to nothing about mining so i wouldn't even know if this is impossible or already exist.

Remember the good old days when someone would find a bug and instead of exploiting it they would report it for the good of the network as a whole.

[LiteCoinGuy]

https://twitter.com/AlpacaSW/status/850394735571341312

[LiteCoinGuy]

https://twitter.com/Xentagz/status/850509329652477953