Bitcoin Core fights back against Bitcoin Classic

[BitcoinNewsMagazine]

Gregory Maxwell is willing to hard fork Bitcoin Core to change PoW if Bitcoin Classic becomes a threat see the post at reddit. Luke-jr already wrote the code at Github. Apparently Classic is considered more of a threat than XT ever was. PoW change is the scorched earth response from Core if it looks like the takeover by Classic will succeed.

[kingscrown]

Yeah thats cause Classic has really strong backers

[rogerver]

Even if they did that, I can't see the rest of the ecosystem following them. Certainly the miners wont be on board, and I doubt any of the other major businesses would be either.

[arnoudk]

I don't think this will result in a "bitcoin core" coin that can be taken seriously. It sounds more like a joke than a serious proposal.

If you remove ASICs from the equation, the network will also become vulnerable to attack. You can rent GPU farms at AWS, you can use botnets, governments have the computational power to influence non-ASIC PoW schemes, etc.

None of this impacts bitcoin because ASICs make those attack vectors irrelevant - or at the very least causes these attack vectors to mine bitcoin 'honestly' (perhaps without paying for electricity, but at least honestly as far as the bitcoin algorithm is concerned).

They are acting like a cornered animal. That could be dangerous, so stay alert.