• Tag Archives ASICBoost
  • WCN Bitcoin Group #137 – Public Service Announcement – Wright Sale – Japan & Russia – NK Hackers

    April 14th from NYC: The first topic of the group is a must as we talk about ASICBoost. Here is the TL;DR:
    0:01:00 – Bitcoin.com’s PSA & ASICBoost: This Public Service Announcement from Roger Ver was disgraceful. He is using Bitcoin.com to push his side of the debatable agenda against Core Devs. I get into a debate with Jimmy Song that SegWit is coming sooner than later.
    0:25:00 – Craig Wright is Back: He managed to sell his company and patents for $100 Million. To me this is a non-issue.
    0:34:00 – Japan & Russia Move to Legalize Bitcoin: None of this matters unless the Bitcoin is actually moving through the economy and not immediately sold. Russian Finance Minister seems to have a huge mis-understanding of what Bitcoin is.
    0:47:00 – North Korea Hackers Earn Bitcoin: I found this story interesting cause if a lot of Bitcoin ends up in NK and starts moving through their economy it might actually free that country.
    BONUS: My Price View is Bullish

  • MadBitcoins Live: #ASICBoost w/ Jimmy Song

    Recorded Apr 5th from NYC: On this Live addition of Mad Bitcoins, I join Thomas Hunt and Jimmy Song to discuss the revelation of ASICBoost. Just a few days before this aired, Gregory Maxwell discovered that Antminers have been using Covert form of mining bitcoins given them an advantage. You can read the publication here. This answers lots of questions as to why Chinese miners have been so hard bent against SegWit. As it turns out, SegWit would eliminate this mining advantage and Bitmain will fight this to the bitter end to maintain their mining advantage.

    For a little comedic relief on the situation please watch the following short parody video 🙂

  • WCN Bitcoin Group #136 – ASICBoost – Japan accepts Bitcoin – BFX Coin – Distributed Rendering

    April 7th from NYC: This is a very important episode. It was the one right after ASICBoost revelations were uncovered by Greg Maxwell of Blockstream. Here is the TL;DR:
    0:01:00 – ASICBoost – This is a serious problem. I fully believe Bitmain has been doing. The good news is that we now have clarity and this clarity should go a long way to people demanding SegWit gets passed sooner than later. Anyone still supporting Bitcoin Unlimited is just an Idiot. These people should admit Jihan Wu played them but instead they are doubling down on the stupid.
    0:33:50 – Japan Big Retailers Accept Bitcoin – I do not care for this development because the retailers immediately convert to Fiat. This is not helping the Bitcoin economy unless the Bitcoin is moving in a circular fashion. I also do not expect many people to actually come in and spend Bitcoin (why would you want to spend something that will go up in value if you have other currency to spend)
    0:46:00 – BFX Coins Get Paid Back – Bitfinex has paid off their debt tokens which they issued after the hack. Good for them, glad to see that there is a responsible management team at a Bitcoin exchange.
    0:57:00 – Distributed Rendering Paying in Bitcoin – I’m not sure exactly how this tech would work, so I basically ask a bunch of questions.
    1:09:00 – BONUS – I once again give a price prediction —-> HIGHER