In his defense, Bitmain has way too much power & BTC might get a PoW change with consensus within 18 to 24 months. Given current BTC/crypto implosion it's worth trying to push for it. What has BTC got to lose? If it doesn't work, just reverse it, hard fork or some other solution
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And why can’t they do that?
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They can, they would, they shouldn't have to. Changing the PoW to cut off the largest infrastructure investor, or enforcing conflicts of interest on ASIC manufacturers are both anti capitalistic.
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Miners aren't infrastructure. Certainly not when centralised.
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They are definitely infrastructure, miners are some of the most core infrastructure to the Bitcoin protocol.
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I think we're getting sidetracked by disagreements on definitions. If we show you Bitmain controls >51% of BTC mining hw then shouldn't you want a PoW change to mitigate the risk that Bitmain attacks BTC via mining. They can secretly mine w/ newest rigs, push miners to obey etc
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No. I would not even support a POW change if we actually saw reorgs.
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This seems to suggest you are yourself a bad actor and we should ignore you. Am I missing something?
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1) It alters the operational costs of everyone, you can't guarantee it can be sustained. 2) You have no clue if miners would shift where they are mining in response and negate the attack. 3) You have no idea how manufacturing might change the attackers control short term.
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And then it would be very easy to get consensus on a PoW change until the situation improves.
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Nash equilibrium is strange like that.
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