📅 Original date posted:2017-04-05
📝 Original message:On Wed, Apr 5, 2017 at 7:31 PM, Peter Todd via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
>
> While I'm in favour of blocking covert usage of ASICBOOST, there's every
> reason
> to block non-covert usage of it as well. In a low margin business like
> mining,
> the advatange it gives is enormous - quite possibly 10x your profit margin
> -
> and given that barrier free access to being able to purchase ASICs is
> already
> an archilles heal for Bitcoin there is every reason to eliminate this legal
> vulnerability. Additionally, it's a technical vulnerability as well: we
> want
> getting into the ASIC manufacturing and design business to have as low
> barriers
> to entry as is feasible, and the ASICBOOST exploit significantly increases
> the
> minimum capital requirements to do so.
>
Asicboost also has the problem that it isn't treating the hashing as a
black box, and thus has impacts on what gets mined. In particular it
creates an incentive to make blocks smaller. That's a very unwanted effect,
and anything like it should be engineered out on principle.
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Bram Cohen [ARCHIVE] /
npub1ld…t8ur6
2023-06-07 17:59:17
in reply to nevent1q…s4jm
Author Public Key
npub1ldcq03p2qe58u0xnlwa35wchjuhz49y6ueu5ghmtjetez9xstnvsmt8ur6Published at
2023-06-07 17:59:17Event JSON
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"content": "📅 Original date posted:2017-04-05\n📝 Original message:On Wed, Apr 5, 2017 at 7:31 PM, Peter Todd via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e\n\u003e While I'm in favour of blocking covert usage of ASICBOOST, there's every\n\u003e reason\n\u003e to block non-covert usage of it as well. In a low margin business like\n\u003e mining,\n\u003e the advatange it gives is enormous - quite possibly 10x your profit margin\n\u003e -\n\u003e and given that barrier free access to being able to purchase ASICs is\n\u003e already\n\u003e an archilles heal for Bitcoin there is every reason to eliminate this legal\n\u003e vulnerability. Additionally, it's a technical vulnerability as well: we\n\u003e want\n\u003e getting into the ASIC manufacturing and design business to have as low\n\u003e barriers\n\u003e to entry as is feasible, and the ASICBOOST exploit significantly increases\n\u003e the\n\u003e minimum capital requirements to do so.\n\u003e\n\nAsicboost also has the problem that it isn't treating the hashing as a\nblack box, and thus has impacts on what gets mined. In particular it\ncreates an incentive to make blocks smaller. That's a very unwanted effect,\nand anything like it should be engineered out on principle.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20170405/bd9a7d92/attachment.html\u003e",
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