Quote from: Carlton Banks on April 09, 2017, 02:02:00 PM

Quote from: cellard on April 09, 2017, 01:22:31 PM

We need to fire those miners with UASF.

We need to fire the miners by changing the proof of work. They've got too much power, and this behaviour (amongst so much other poor faith behaviour) only demonstrates it further. PoW should be changed before these miners escalate their malign and selfish behaviour, if we wait until they do it, the results will be far more catastrophic.

I hate to sound alarmist, but it wants to happen yesterday. BU can still hard-fork away from Bitcoin by the rogue miners anyway, regardless what the users want. And I've outlined before, they could screw things up really, really badly if they attack without mercy or shame. Who wants to risk that? Not me

It's very obvious the problem of PoW is a very serious one. Bitmain is yet to launch new huge facilities that will make Jihan even stronger. He will keep stacking more and more and more hashrate power. Time to dump since I didn't I didn't sign up for JihanCoin.

Quote from: franky1 on April 09, 2017, 02:23:55 PM

lol OP's proof
.. a tweet starting "i heard"...

hmm wheres the salt

asics have been around for 2 years
asic boost as been around for 2 years

segwit code 6 months
gmax found flaw in segwit codes incompatibility 1 month

drama today is not caused by actions of asics. but speculation.

asic manufacturers did not make a time machine to make a segwit nuke
segwit just wasnt made 'soft enough' to not cause issues.
and gmax just a month ago found an issue where segwit is noft soft enough to work with 2year old hardware and efficiency technique.

solution
fix segwit to be even softer.
or
fix segwit to actually be implemented as a proper node CONSENSUS along with other community required features(dynamics, lowered max txsigops), thus only need 1merkle and get other needed features in. and finally get the community what it wants

stupid part is even with lots of pools abstaining objecting(70%) the fingers are being pointed at 16% and even blaming temporary price drama on that pool even when the pool has not done anything different for the last 2 years

Jihan controls way more than 16% lol. He controls tons of anonymous pools. Also he can put pressure into buyers to signal what he wants or else. Also he will eventually have 51%+ of the network at this rate, he is expanding quickly and it's unstoppable. He controls production, he gets sponsored by China for sure, he gets free electricity. Classic monopoly formation, it's too late, PoW cannot be saved.