Post
Topic
Board Speculation
Re: Long term advance notice!
by
Last of the V8s
on 01/06/2019, 11:21:40 UTC
Quote from: Shelby Moore

-snip-

This part is also ridiculous and also dishonest.

They'd have to store up millions of the most efficient - at the time of this 'attack' - mining rigs but not mine on them yet.

The budget to do that is left as exercise to the reader.


 # Craig Wright is a fraud.

This is the posited SegWit donations attack, with the booty piling up high in time for May 2020:

https://steemit.com/bitcoin/@anonymint/ps965c

You’re ostensibly misinterpreting what his statement means. Craig is ostensibly referring to the real Satoshi v0.5.3 protocol BTC network that will have forced the Core protocol to fork off. He means 51+% of the hashrate that was on Core’s protocol will have switched (i.e. it will not be only Craig’s hashrate given that many miners will want partake in the donations booty).

He is pointing out that until all the SegWit donations are taken (since only so many can fit into a block), the real BTC miners will not be accepting other transactions.

Of course transactions might still proceed on the forked off Core protocol if the hashrate doesn’t drop too low yet it might become far too congested with cratering hashrate, and it will no longer than the longest chain and presumably will be collapsing in price. Perhaps you can sell your free airdropped Core BTC while retaining ownership of your real BTC if you had stored your BTC correct with addresses that begin with 1 and not 3. You’d want to mix your Core BTC transactions with some UTXO input that was created after the fork so that it’s invalid to replay on the real BTC protocol (so you don’t spend your real BTC). Problem is exchanges may not split your BTC for you fast enough to profit on the dumping. And Core chain will likely become congested. Exchanges who have their BTC in SegWit addresses will be bankrupted.

So now we see that BSV is just a deco[y]. What Craig (or his backers) really want is the real Bitcoin. They fool the plebs into thinking he wants scaling and BSV.

This also has some bearing:

300 million buys ~100,000 s17 pros https://bitcointalk.org/index.php?topic=5138318.msg51287657#msg51287657 if you could get that many, with some discount
50 Th/s x 100,000 = 5 million T = 5 exahash


OK. But of course, Ayre runs SQR, which uses Samsung to fab their ASICs directly.