rich1.0npub1ldcq03p2qe58u0xnlwa35wchjuhz49y6ueu5ghmtjetez9xstnvsmt8ur6https://nostr.ae/npub1ldcq03p2qe58u0xnlwa35wchjuhz49y6ueu5ghmtjetez9xstnvsmt8ur6njumphttps://nostr.ae📅 Original date posted:2017-04-05 📝 Original message:On Wed, Apr 5, 2017 at 7:31 PM, Peter Todd via bitcoin-dev < bitcoin-dev at lists.linuxfoundation.org> wrote: > > While I'm in favour of blocking covert usage of ASICBOOST, there's every > reason > to block non-covert usage of it as well. In a low margin business like > mining, > the advatange it gives is enormous - quite possibly 10x your profit margin > - > and given that barrier free access to being able to purchase ASICs is > already > an archilles heal for Bitcoin there is every reason to eliminate this legal > vulnerability. Additionally, it's a technical vulnerability as well: we > want > getting into the ASIC manufacturing and design business to have as low > barriers > to entry as is feasible, and the ASICBOOST exploit significantly increases > the > minimum capital requirements to do so. > Asicboost also has the problem that it isn't treating the hashing as a black box, and thus has impacts on what gets mined. In particular it creates an incentive to make blocks smaller. That's a very unwanted effect, and anything like it should be engineered out on principle. -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20170405/bd9a7d92/attachment.html>