Post
Topic
Board Bitcoin Discussion
Re: Bitmain announces plan to create altcoin if BIP148 succeeds
by
chopstick
on 14/06/2017, 14:34:27 UTC
https://blog.bitmain.com/en/uahf-contingency-plan-uasf-bip148/

Bitmain is announcing that if BIP148 succeeds, then they are essentially going to mine a new SHA-256 altcoin instead of Bitcoin. If you don't do anything, it'll be as if mining power dropped somewhat, but you'll otherwise be completely unaffected.

I feel like some people might read this statement as trying to force a decision between Bitmain's altcoin and BIP148, but you should be roughly equally unaffected whether or not you enforce BIP148. It might help BIP148's chances a little due to removing Bitmain from consideration and therefore increasing the chances of activating the traditional BIP141 SegWit deployment, though I continue to be pessimistic about BIP148's chances; I consider continuation of the status-quo and a somewhat later BIP149 UASF as the most likely outcome.

I kinda doubt that they're actually going to stick by what they say here, but if they do, it only seems like good news. If you'd like to use a currency controlled by a single company that puts its ability to use its patented Asicboost tech above all other considerations, feel free! I'll stick with Bitcoin, thank you very much.

The corrupt censorship King calling out Bitmain?

Well, this is rich.

Never seen a bigger bunch of hypocrites.

Theymos, you are personally responsible for creating a huge divide in the Bitcoin community through your entirely dishonest censorship tactics and misleading thousands of people into believing blatant Lies.

This has done more damage to Bitcoin than Bitmain could ever hope to achieve.

You truly do deserve to be utterly ashamed of yourself. No worries, all people of Toxic influence such as yourself are about to be Removed.

Good luck with your lies and propaganda. May the better chain win. That is all.