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	Author	Topic: Nights Watch by Afrikoin (Read 303363 times)
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wpalczynski

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Re: Nights Watch by Afrikoin

April 07, 2017, 04:31:49 PM

#2421

Quote from: Dafar on April 07, 2017, 02:06:32 PM

Why are you backing miners who are obviously blocking segwit for personal gain, even when it holds back the rest of the community? The motive became pretty clear, doesn't matter if it's an "attack" or not

What makes you think Im backing anyone? Im simply pointing out the absurdity and desperation of core members actions. Are objective and unbiased opinions now considered treason lol?

People have really lost their minds these last 4 weeks.

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Re: Nights Watch by Afrikoin

April 07, 2017, 04:33:12 PM

#2422

Quote from: Hyena on April 07, 2017, 02:17:38 PM

Quote from: Dafar on April 07, 2017, 02:06:32 PM

Afrikon.... I dunno about the drop to $800 man.... seems... kinda unlikely but also when everyone is blindly bullish that's when things falls. The Japan use of bitcoin is pretty bullish, the fact that BU/Bitman is becoming a joke is also good... they're not gonna hold back progress for long, the new bill in Mexico that allows institutions to put money in bitcoin is also good news

Quote from: wpalczynski on April 07, 2017, 01:11:27 AM

I cant believe maxwell has the audacity to call a miner optimization an attack. Thats what ASIC manufacturers have been doing all along, optimizing miners.

Please research SegWit before asking such silly questions. Just because miners profit from SegWit not getting activated does not mean SegWit is any good. Quite the opposite. SegWit is the single worst proposal ever taken seriously in the development of Bitcoin.

The level of stupidity and cognitive dissonance exhibited over the last 4 weeks is astounding.

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Re: Nights Watch by Afrikoin

April 07, 2017, 04:51:24 PM

#2423

Here is a well thought out and articulated writeup about the ASICBOOST dilemma by the creator and owner of the now defunct KNC miner. This is a must read for everyone especially the ignorant noobs who blindly follow CORE and attack anyone who does not get inline behind the CORE party line. People must realize that it is CORE that has been holding Bitcoin hostage and whos current suggested course of action could destroy Bitcoin.

https://medium.com/@samcole_74219/asicboost-655a73d48ae4

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Re: Nights Watch by Afrikoin

April 07, 2017, 04:58:37 PM

#2424

Quote from: wpalczynski on April 07, 2017, 04:51:24 PM

Sam Cole really has no credibility after defrauding customers and bankrupting KnCMiner. Surprised he popped his head up out of the hole.

B N M PGP Public Key

wpalczynski

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Re: Nights Watch by Afrikoin

April 07, 2017, 05:02:40 PM
Last edit: April 07, 2017, 06:26:54 PM by wpalczynski

#2425

Quote from: BitcoinNewsMagazine on April 07, 2017, 04:58:37 PM

Quote from: wpalczynski on April 07, 2017, 04:51:24 PM

Sam Cole really has no credibility after defrauding customers and bankrupting KnCMiner. Surprised he popped his head up out of the hole.

His business practices were very distasteful and dishonest however that bares no relevance on the logic and validity of his arguments especially since he is an objective observer with no skin in the game.

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Re: Nights Watch by Afrikoin

April 07, 2017, 05:04:31 PM

#2426

Quote from: wpalczynski on April 07, 2017, 04:51:24 PM

Sam Cole is full of shit, sorry. He claims it's impossible Maxwell reverse engineered Bitmain ASICs even though Bitmain has admitted themselves they have implemented asicboost into their miners and their pool even has software for it. Looks like Sam Cole is just technically outclassed completely by Greg Maxwell and other Core devs, as well as by Bitmain. It's no wonder Sam Cole could not compete with them and had to leave the mining business. He also doesn't seem to know that Greg's proposal for a fix was a soft fork and not a hard fork. The guy is just hopelessly behind on everything.

Bitcoin = Gold on steroids

wpalczynski

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Re: Nights Watch by Afrikoin

April 07, 2017, 05:11:35 PM
Last edit: April 07, 2017, 05:23:15 PM by wpalczynski

#2427

Quote from: Miz4r on April 07, 2017, 05:04:31 PM

Is it not Bitmain that engineered ASICBoost? How does Bitmain using asicboost support your argument that Sam is full of shit with his claim that it would be extremely hard for Maxwell to reverse engineer ASICBoost?

English is not my first language maybe thats why I dont follow your quoted argument about reverse engineering. Please explain.

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Re: Nights Watch by Afrikoin

April 07, 2017, 05:38:45 PM

#2428

Quote from: wpalczynski on April 07, 2017, 05:11:35 PM

Quote from: Miz4r on April 07, 2017, 05:04:31 PM

Is it not Bitmain that engineered ASICBoost?

English is not my first language maybe thats why I dont follow your quoted argument about reverse engineering. Please explain.

You don't know what reverse engineering is? Look it up in the dictionary or google it or something. Maxwell is the one who discovered Bitmain had asicboost ready and implemented in their chips through reverse engineering their hardware, and Bitmain acknowledged this is the case. Same Cole basically states in his article that he doesn't believe asicboost was implemented in any chips because he can't think of a way to gain an advantage by doing so, and he also doesn't believe Maxwell was able to reverse engineer a Bitmain ASIC because he thinks that's too difficult. Both of his claims are refuted by the facts, Sam is just behind on what's going on.

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Re: Nights Watch by Afrikoin

April 07, 2017, 06:01:08 PM

#2429

Quote from: Miz4r on April 07, 2017, 05:38:45 PM

Quote from: wpalczynski on April 07, 2017, 05:11:35 PM

Quote from: Miz4r on April 07, 2017, 05:04:31 PM

Is it not Bitmain that engineered ASICBoost?

English is not my first language maybe thats why I dont follow your quoted argument about reverse engineering. Please explain.

As someone who has been personally screwed by KnC (they shipped me a busted miner I had to fix myself), I would not believe everything this guy says. There may be some truth to it but he may have ulterior motives. You can never know know who pays him or what investments he may have. For all we know, he may be invested into Bitmain. Like the old adage says, if you can't beat them, join them.

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Re: Nights Watch by Afrikoin

April 07, 2017, 07:38:21 PM

#2430

doesnt matter who is right or wrong. All this is bad for price

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wpalczynski

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Re: Nights Watch by Afrikoin

April 07, 2017, 08:07:49 PM

#2431

Some facts coming to light about how core operates its "open source" project.

http://telegra.ph/Inside-the-Dragons-Den-Bitcoin-Cores-Troll-Army-04-07

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Re: Nights Watch by Afrikoin

April 07, 2017, 08:29:32 PM

#2432

Quote from: Afrikoin on April 07, 2017, 07:38:21 PM

doesnt matter who is right or wrong. All this is bad for price

You're proven right on a daily basis Huh

At what price will you admit to have been wrong, if any?

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Re: Nights Watch by Afrikoin

April 07, 2017, 08:49:10 PM

#2433

Quote from: Kramerc on April 07, 2017, 08:29:32 PM

Quote from: Afrikoin on April 07, 2017, 07:38:21 PM

doesnt matter who is right or wrong. All this is bad for price

You're proven right on a daily basis Huh

At what price will you admit to have been wrong, if any?

Wishful thinkers are never wrong. They can always dream.

I guess this one failed to stock up when the price recently dipped below $1000, perhaps for the last time.

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Re: Nights Watch by Afrikoin

April 07, 2017, 08:57:57 PM

#2434

Quote from: JimboToronto on April 07, 2017, 08:49:10 PM

Quote from: Kramerc on April 07, 2017, 08:29:32 PM

Quote from: Afrikoin on April 07, 2017, 07:38:21 PM

doesnt matter who is right or wrong. All this is bad for price

You're proven right on a daily basis Huh

At what price will you admit to have been wrong, if any?

Wishful thinkers are never wrong. They can always dream.

I guess this one failed to stock up when the price recently dipped below $1000, perhaps for the last time.

Nobody can predict bitcoin. Moving averages and patterns and the fud were essensial for a downmove, but AsicBoost ruined the bearish momentum.

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Re: Nights Watch by Afrikoin

April 07, 2017, 09:08:15 PM

#2435

Quote from: JimboToronto on April 07, 2017, 08:49:10 PM

Quote from: Kramerc on April 07, 2017, 08:29:32 PM

Quote from: Afrikoin on April 07, 2017, 07:38:21 PM

doesnt matter who is right or wrong. All this is bad for price

You're proven right on a daily basis Huh

At what price will you admit to have been wrong, if any?

Wishful thinkers are never wrong. They can always dream.

I guess this one failed to stock up when the price recently dipped below $1000, perhaps for the last time.

Guess so too. During a bear market, it's the bulls who are greedy, not wanting to sell their coins, *hoping* for higher prices. During bull periods, it's the bears who are delusional and can't buy a 34% price discount from the top.

I know the price at which I'm no longer bullish, surely bears have to have their mental stop loss too, right?

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Re: Nights Watch by Afrikoin

April 07, 2017, 11:00:01 PM

#2436

Quote from: wpalczynski on April 07, 2017, 01:11:27 AM

I cant believe maxwell has the audacity to call a miner optimization an attack. Thats what ASIC manufacturers have been doing all along, optimizing miners.

Did you know that in cryptography an attack is a term describing a means to weaken the security of a cryptographic function?

It's even obvious from the title of Greg's proposal:

BIP proposal: Inhibiting a covert attack on the Bitcoin POW function

In this case specifically this attack has more implications than simply lowering the costs for a particular miner: it also influences the transaction selection with yet unknown consequences to the security model of Bitcoin.