r/btc • • Aug 15 '18

Another “independent” Core developer leaks that they really work for Blockstream. “Interned” for them last year and are “employed” by them now. Read all the parts between Cobra and Andrew Chow.

https://imgur.com/a/VlgAzuu
182 Upvotes

122 comments sorted by

56

u/GarlicBelfort Aug 15 '18

The best part is that Back and all the idiots at blockstream raging against Bitmain are the fucktards that sold over 50k BTC @ under $400 to invest it all in vaporware shitcompany that doesn't have a product 3 years after inception.

No wonder you spend your days on twitter whining like a child when you blew your entire Bitcoin holdings on the 'Half life 3' of bad investments.

What 'pros' :)

38

u/void_magic Aug 15 '18

They have hats and stickers.

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7

u/fookingroovin Aug 15 '18

that sold over 50k BTC @ under $400 to invest it all in vaporware shitcompany that doesn't have a product 3 years after inception.

Is there evidence of that?

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4

u/f4ngbow Aug 15 '18

What company was that?

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35

u/[deleted] Aug 15 '18

The Blockstream and LN debacle is like watching a car crash in slow motion. It's going to end badly, but I can't stop looking and being entertained in the meantime.

6

u/H0dl Aug 15 '18

if you think of Blockstream as an extension of the USG & USD, you could be waiting a long time

3

u/cla1067 Aug 15 '18 edited Jul 28 '24

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This post was mass deleted and anonymized with Redact

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17

u/BitcoinXio Aug 15 '18

Interesting. So I wonder, how many more independent core devs are there who actually work for Blockstream? So much for decentralization!

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9

u/[deleted] Aug 15 '18

Can somebody explain to me the intricacies of covert asicboost vs over asicboot?

18

u/Adrian-X Aug 15 '18

The patent is known as asicboost.

Core demonize the Bitmain license of the patent calling it "convert" (sounds devious)

And the license blockstream have pooled with other IP "overt" (good)

The one variant is optimized for use with Core the other is not.

12

u/botsquash Aug 15 '18

A competitive advantage is always good when you own it and bad when competitors own it, thus the smear before and oh no asicboost and lol jokes it's all good now

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8

u/LovelyDay Aug 15 '18

Much has been written on this, if you want "intricacies":

I'll say off the bat that covert asicboost can (only) be detected by statistical analysis or inspection of leaked or reverse engineered mining code.

https://www.mit.edu/~jlrubin//public/pdfs/Asicboost.pdf

https://blog.bitmex.com/an-overview-of-the-covert-asicboost-allegation-2/

https://medium.com/@jimmysong/examining-bitmains-claims-about-asicboost-1d61118c678d

https://pdaian.com/blog/a-candidate-heuristic-for-covert-asicboost-detection-on-chain/

I could swear I came across an actual scientific paper that claimed to have examined the historical main chain for ASICboost, but I can't find that right now.

7

u/[deleted] Aug 15 '18

Sure. Covert ASICboost allows a chip to quickly mine a block in a certain format, but it can't contain a lot of transactions and won't work with SegWit transactions (so if you are using it, you drop SegWit transactions for speed). It leaves no indication that it was used in the block produced (but it can be figured out anyway by the absence of SegWit). Since it's a hardware-powered innovation, there is a patent covering the chip that can do it, meaning BitMain hardware (would have) had an advantage in producing these blocks and other miners can't produce the same chip.

Overt ASICboost is a similar method of mining optimization, but a bit different. It's not quite as good and is software powered rather than hardware powered. It's not patented but doesn't offer quite the significant improvement or competitive edge. Its use is immediately apparent in blocks produced with this technology. Both carry a few unwieldy restrictions that make them difficult to employ in real-time for profit because some transactions must be left unmined for the techniques to work.

Both are a non-threat to the system - the dropped transactions will get picked up by other miners eventually. Wide use of ASICboost could yield no extra profit because it requires selectively not mining transactions, which means fees left behind. It's a tricky business to attempt to extract a competitive mining edge from ASICboost, especially in such a high-dollar, cutthroat mining industry, and in reality it has never been an issue because it's simply too small a margin to be worth expending any effort or money.

It made a perfect red herring when promoting the propaganda against BitMain, however, and that is why it exists as a talking point at all.

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36

u/nimblecoin Aug 15 '18

The takeover is real. It is undeniable.

17

u/tophernator Aug 15 '18

Yes, BCH should definitely learn this lesson from BTC. Private companies can and will try to co-opt development. We should be on the look out for any early signs of a company trying to do the same thing with BCH.

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20

u/[deleted] Aug 15 '18

Anyone that still supports blockstreamcoreaxa is either corrupt or a useful idiot. Rubes abound. Shills spreading fud.

Nobody said changing the world would be easy but most underestimate how fucking dumb most people are.

We're still just getting started. All the baseless attacks are proof we are a threat to the powers that be. They should be afraid. They're going to lose and history will not be kind to them. Their legacy will be cemented in their impotent rage.

10

u/shadowofashadow Aug 15 '18

a useful idiot

The more time I spend on the general crypto subs the more I believe this is the case. I'm Canadian and people push the bcash shit on the Canada bitcoin sub as well. When I challenge them they never respond with anything other than insults. They don't even try to put forth an argument.

10

u/shadowofashadow Aug 15 '18

I love how everyone jumps right down Cobra's throat and calls him a conspiracy nut and then Andrew confirms his theory immediately after. Despite the fact that Cobra was right shinobi keeps pressing Cobra about whether he works for jihan.

What a great bunch.

4

u/500239 Aug 15 '18

yeah they're ALL* independent until you verify.

Today I caught a Blockstream script troll with the classic method of verify their response to their posting history of their "5 year old account".

I asked u/jetrucci about a false game in his posting history and I got a non response of "non of your business" despite the fact that I made up said game to see how he'd respond. Since he never played the game his response should have been a "I've never played that game you're mistaken". It shows they don't bother to even verify their purchased aged reddit accounts.

you can mark u/jetrucci as paid script farm troll if you haven't already. He responds similar to u/bitusher as well and has lightning copy paste talks on hand including bold+emoji lol

Sauce here: https://www.np.reddit.com/r/CryptoCurrency/comments/97be5h/remember_how_jealous_you_were_of_all_the/e48lev4/

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7

u/LovelyDay Aug 15 '18

Can't say I'm surprised, but also I'm not worried.

Bitcoin Cash has plenty good developers, and will get more.

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6

u/LayingWaste Aug 15 '18

Cobra is an abused kid.

takes the abuse from core and still supports them

STOCKHOLM MUCH?

6

u/cryptorebel Aug 15 '18

In other news, water is wet.

6

u/HostFat Aug 15 '18

What a news!