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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. Vijay ⚡‏ @_vjy Jun 10
      Replying to @LukeDashjr @austorms and

      Relevant question, how do we know for sure, asic vendors sell miners as efficient as they use for themselves to mine..?

      1 reply 0 retweets 0 likes
    2. Luke Dashjr‏ @LukeDashjr Jun 10
      Replying to @_vjy @austorms and

      Don't tolerate ASIC vendors mining, for a start... That's absurd on its own right - companies should not compete against their customers like that.

      5 replies 0 retweets 3 likes
    3. Assange, Clean your bathroom ➳ Yang Ventures ➳‏ @YangVentures Jun 10
      Replying to @LukeDashjr @_vjy and

      Yes, it is a conflict of interest.

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

      If that was decreed, miners would just stop selling to customers and avoid the conflict.

      2 replies 0 retweets 1 like
    5. Storms‏ @austorms Jun 10
      Replying to @FluidFluxation @YangVentures and

      And why can’t they do that?

      1 reply 0 retweets 0 likes
    6. Will  🗣️  🌐‏ @FluidFluxation Jun 10
      Replying to @austorms @YangVentures and

      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.

      2 replies 0 retweets 0 likes
    7. Luke Dashjr‏ @LukeDashjr Jun 10
      Replying to @FluidFluxation @austorms and

      Miners aren't infrastructure. Certainly not when centralised.

      2 replies 0 retweets 1 like
    8. Shinobi, CEO of Bitcoin‏ @brian_trollz Jun 10
      Replying to @LukeDashjr @FluidFluxation and

      They are definitely infrastructure, miners are some of the most core infrastructure to the Bitcoin protocol.

      2 replies 0 retweets 3 likes
    9. Assange, Clean your bathroom ➳ Yang Ventures ➳‏ @YangVentures Jun 10
      Replying to @brian_trollz @LukeDashjr and

      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

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

      Not if implementing a PoW change exposes the network to even greater risks than a centralized mining monopoly.

      2 replies 0 retweets 2 likes
      Will  🗣️  🌐‏ @FluidFluxation Jun 10
      Replying to @FluidFluxation @YangVentures and

      It also stands as a threat to would be investors in the new PoW incentive model. Don't get to big/successful or we will burn your business down and possibly the whole network in the process.

      8:08 PM - 10 Jun 2018
      • 3 Likes
      • Assange, Clean your bathroom ➳ Yang Ventures ➳ Jacob Gubler Shinobi, CEO of Bitcoin
      3 replies 0 retweets 3 likes
        1. New conversation
        2. Luke Dashjr‏ @LukeDashjr Jun 10
          Replying to @FluidFluxation @YangVentures and

          And PoW changes don't hurt the network.

          1 reply 0 retweets 1 like
        3. Storms‏ @austorms Jun 10
          Replying to @LukeDashjr @FluidFluxation and

          A PoW change is a natural defense mechanism of the Bitcoin network. If we started seeing block reorgs, the network can’t be trusted and is unusable. EVERYTHING would come to a screeching halt.

          1 reply 0 retweets 1 like
        4. Shinobi, CEO of Bitcoin‏ @brian_trollz Jun 10
          Replying to @austorms @LukeDashjr and

          False. The only thing that couldn't be trusted is the commonly accepted number of confirmations considered safe right now.

          2 replies 0 retweets 0 likes
        5. Luke Dashjr‏ @LukeDashjr Jun 10
          Replying to @brian_trollz @austorms and

          No number of blocks could be considered confirmed in such a scenario (including the present reality, really). Which means the entire purpose of mining is gone.

          1 reply 0 retweets 0 likes
        6. Shinobi, CEO of Bitcoin‏ @brian_trollz Jun 10
          Replying to @LukeDashjr @austorms and

          That is not true at all. Unless shadow hardware that was never deployed is built, it would be very noticeable in block intervals(and difficulty over longer periods) that hashrate disappeared and is likely doing something shady.

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

          It would likely simply result in a sliding scale of confirmations considered safe based on the value content of blocks that could indicate potential incentive to reorg and double spend.

          0 replies 0 retweets 0 likes
        8. End of conversation
        1. New conversation
        2. Luke Dashjr‏ @LukeDashjr Jun 10
          Replying to @FluidFluxation @YangVentures and

          Getting big and successful does not require attacking the network by centralising mining.

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

          Is bitmain attacking the network because of their relative amount of hashpower or because they are doing something malicious with that hashpower?

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Assange, Clean your bathroom ➳ Yang Ventures ➳‏ @YangVentures Jun 10
          Replying to @FluidFluxation @brian_trollz and

          Yes & this was a foreseeable risk they should have known about. Didn't they know the BTC community has a talented deep bench (Szabo, Carallo, Wiulle, Back, Todd, Lombrozo, Luke, Maxwell, etc.) that's super committed to creating durably unstoppable, uncensorable money?

          0 replies 0 retweets 0 likes
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