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FluidFluxation's profile
Will 🗣️ 🌐
Will 🗣️ 🌐
Will  🗣️  🌐
@FluidFluxation

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Will  🗣️  🌐

@FluidFluxation

$I am‽ Generalist. Theorycraft.

Here, Now, Probably
Joined April 2011

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    1. Will  🗣️  🌐‏ @FluidFluxation Jun 10
      Replying to @YangVentures @brian_trollz

      How would you have any confidence the PoW change isnt covertly being supported by Bitmain? Bitmain could bring new ASICs to market faster than any. Unless Devs prepare a scaled ASIC pipeline without Bitmains knowledge, and beat them out the gate. Which is a scary precedent.

      2 replies 0 retweets 7 likes
    2. Assange, Clean your bathroom ➳ Yang Ventures ➳‏ @YangVentures Jun 10
      Replying to @FluidFluxation @brian_trollz

      Good point, I dpn't for sure. Well I just I have a sense Luke Dash Jr. is trustworthy here. He"s veey smart, makes sense, seems to hate Bitmain centralizing BTC mining, etc. Wants PoW change with consensus.

      2 replies 0 retweets 0 likes
    3. Will  🗣️  🌐‏ @FluidFluxation Jun 10
      Replying to @YangVentures @brian_trollz

      Luke could be entirely pure in his intentions, be brilliant, and still be short sighted in how the industry will adapt to PoW change. Barring a black swan existential threat to all addresses (ie sha256 is broken), there will never be consensus to change PoW.

      2 replies 1 retweet 6 likes
    4. Luke Dashjr‏ @LukeDashjr Jun 10
      Replying to @FluidFluxation @YangVentures @brian_trollz

      SHA256 is already broken today, in terms of usage as a PoW algorithm (which is different from usage as a cryptographic hash function).

      1 reply 1 retweet 1 like
    5. Shinobi, CEO of Bitcoin‏ @brian_trollz Jun 10
      Replying to @LukeDashjr @FluidFluxation @YangVentures

      This is ridiculous thinking Luke.

      2 replies 0 retweets 4 likes
    6. Luke Dashjr‏ @LukeDashjr Jun 10
      Replying to @brian_trollz @FluidFluxation @YangVentures

      No, it is the truth.

      1 reply 0 retweets 0 likes
    7. Shinobi, CEO of Bitcoin‏ @brian_trollz Jun 10
      Replying to @LukeDashjr @FluidFluxation @YangVentures

      No Luke, it's completely absurd. The market is bringing in competition, Bitmain's last two attempts at 10 nm chips were borked purportedly while one competitor has 10nm already and another is pushing out 7nm, you are being impulsive and reckless in pushing for this.

      2 replies 0 retweets 8 likes
    8. Luke Dashjr‏ @LukeDashjr Jun 10
      Replying to @brian_trollz @FluidFluxation @YangVentures

      If their new competition is at all competent, they should be more than prepared to survive a PoW change just fine.

      2 replies 0 retweets 1 like
    9. Crypto Pietje [NO176]‏ @CryptoPietje Jun 10
      Replying to @LukeDashjr @brian_trollz and

      How about all those people who invested in mining equipment? Looking at the huge rise in hashing power, that seems to be a LOT. You'd turn those many million(/billion?) dollar investments into scrap metal. Do you think think they'll just pony up and do it again?

      1 reply 0 retweets 0 likes
    10. Luke Dashjr‏ @LukeDashjr Jun 10
      Replying to @CryptoPietje @brian_trollz and

      You're assuming they're doing it for profit (most people can't), and are unprepared for a PoW change themselves (they might be ready).

      3 replies 0 retweets 1 like
      Will  🗣️  🌐‏ @FluidFluxation Jun 10
      Replying to @LukeDashjr @CryptoPietje and

      Are you assuming most miners produce blocks at a loss?

      8:06 PM - 10 Jun 2018
      • 1 Like
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      1 reply 0 retweets 1 like
        1. New conversation
        2. Luke Dashjr‏ @LukeDashjr Jun 10
          Replying to @FluidFluxation @CryptoPietje and

          By number of miners, yes. By hashrate, that's just Bitmain.

          1 reply 0 retweets 1 like
        3. Will  🗣️  🌐‏ @FluidFluxation Jun 10
          Replying to @LukeDashjr @CryptoPietje and

          I dont think the hobby/small farm mining world runs mostly in the red like you think. Miners aren't altruistic.

          1 reply 0 retweets 0 likes
        4. Luke Dashjr‏ @LukeDashjr Jun 10
          Replying to @FluidFluxation @CryptoPietje and

          Unless you have free electricity, it's not feasible to mine profitably today. And even with free electricity, difficult to break-even on the miner hardware costs.

          1 reply 0 retweets 1 like
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