Both r/BTC and r/flatearth are equally cancerous. These individuals should stop reproducing.
Quoted because that makes me wish I had more available space in my signature.
Bitmain has already been caught doing some shady shits in the past before the bcash split ... Go figure the terms: ASICBOOST and ANTBLEED scandals.
Some handy references:
https://cve.mitre.org/cgi-bin/cvename.cgi?name=CVE-2017-9230https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-April/013996.htmlN.b. that
the altcoin deceptively misnamed Bitcoin Cash is still wide open to covert exploitation of ASICBOOST. Add in the way its DAA could be gamed before its November hardfork, and there was in substantial essence an on-the-fly
BCH premine with Jihan (Bitmain) getting up to a 30% cost advantage over other miners. That last advantage remains. Anybody who is not Jihan and mines BCH, is a patsy for Jihan.
Um yes they do. If 51% of miners want anything at all, they can fork everyone else off the blockchain that doesn't use their protocol.
This kind of uneducated nonsense will (hopefully) get you banned for a few days if you'll continue spreading misinformation on this board. If you are not trolling, you will have an incentive to read some good resources that explain Bitcoin's protocol (you can find a lot of quality stuff here:
http://lopp.net/bitcoin.html), and if are trolling, it will be a good riddance.
If I am wrong please explain my error instead of deliberately maliciously threatening me. Please explain why 51% of mining power cannot create a chain fork.
You are deliberately, maliciously lying, and spamming your lies over multiple threads in a forum designated for well-informed technical discussion. But if you want to play stupid, go read
my other recent reply,
q.v.:[...]
General point: There is a common misconception about the role of miners. Miners have one, only one, and exactly one job: To provide the ordering of transactions in a Byzantine fault-tolerant manner (which in turn prevents double-spends). Thats what miners do. That is all miners do. Granted, it is an important and resource-intensive job; thats why miners get paid for it. But that is the one and only security function of miners.
[...]
Full nodes do not blindly follow the longest chain. They follow the chain independently validated by them which has the highest total POW. A miner who produced invalid blocks would be wasting his hashrate, and likely risking widespread blacklisting of his IP address. It doesnt matter if the invalid blocks steal money from Segwit transactions, steal money from old-style transactions, create 21 billion new coins, or are filled with gibberish from /dev/random. An invalid block is an invalid block, and shall be promptly discarded by all full nodesperiod.
ir.hn is creating nonsensical non-arguments by exploiting the aforesaid misconception about the role of miners. After all the attempts others have made to explain on this and other points, I cannot but conclude that ir.hn is maliciously spreading misinformation. I write this post for the benefit of others. I am uninterested in arguing with somebody who is a deliberate liar and/or so manifestly ineducable as to appear braindead.