Re:Bitcoin is not a store of value
by bombcar on Sunday September 18, 2022 @11:07PM
(#32893846)
And the only way to hypothesize something different is if there's a ASIC or something that can mine much better than existing equipment (in which case the group that had it would suddenly shoot up in the blocks mined lists) or there's a weakness in the cryptographic protocol somewhere that we don't know about.
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I must note that this in fact happened in the past (AsicBoost). Currently, I don't think there is AsicBoost-like secret information, but you can't be sure.
Let’s assume you have AsicBoost 2.0 - what would be the most strategic way to deploy it? I assume it’d look like a hashpower increase to the rest of the world, which may or may not go noticed; but perhaps have them run “normal” and then fling it wide open just before? after? a havening?
Re:Bitcoin is not a store of value
by erikpukinskis on Monday September 19, 2022 @11:01AM
(#32899279)
I’d guess the optimal strategy is “get that thing turned on as fast as possible and keep as much of the cluster running 24/7 as you possibly can before you get leapfrogged.”