ASICBoost, the reason why Bitmain blocked Segwit.

Source: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-April/013996.html
Source: https://news.bitcoin.com/chinese-bitcoin-miner-might-be-trying-to-corner-asic-chip-market/
  • Jihan didn’t support Segwit, was spreading lies in China about Core, which stalled the activation of Segwit.
  • When pressure started building he started supporting Bitcoin Unlimited, even though everyone knew that it was buggy and would destroy Bitcoin.
  • Yesterday BCoin’s proposal came with Extension Blocks which is compatible with ASICBoost. BCoin didn’t follow the normal rules of Bitcoin proposals but got the media immediately involved. EB was nothing new, they just needed another excuse to stall.

Conclusion:

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Crypto OG. Talks about Bitcoin and sometimes other cryptocurrencies.

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WhalePanda

WhalePanda

Crypto OG. Talks about Bitcoin and sometimes other cryptocurrencies.

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