@jimmysong @gavinandresen I’m referring to the “overt method” https://t.co/0h67Zm0UBy
@jimmysong @gavinandresen Also, wouldn’t the existing SegWit commitment structure still be compatible with other ASICBOOST methods anyway…
@shubh716 @warrensmyth Because miners didn’t disclose the incentive misalignment; now that it’s public it can be addressed.
@shubh716 @warrensmyth Bitcoin’s game theory requires that miners be greedy; it’s how we ensure that it’s more prof… https://t.co/WBF2tRDaQz
@OptimistLib Yeah that’s one way to look at it, though IDK if it’s possible/simple for existing hardware to add ASICBOOST support.
@gavinandresen Would it be easy to deploy an ASICBOOST compatible SegWit soft fork? That would seem like a great co… https://t.co/FNcP1ITbuu
@OptimistLib That creates equilibrium amongst miners but leaves misaligned incentives - now /none/ of them would wa… https://t.co/BHuiAQDUUW
Option 1: Throw away all features that would break ASICBOOST.
Option 2: Break ASICBOOST and carry on.
Option 3: ?
https://t.co/mHSr1tl98o
If SegWit is being blocked because it hurts short term profits for some miners, Bitcoin has misaligned incentives that need to be addressed.