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Matt Odell @matt_odell
, 6 tweets, 2 min read Read on Twitter
18/ Spoke too soon, looks like they are moving ahead with the fork.

"As of today, all Nebulous (the company employing sia's core developers) and Obelisk employees are supportive of a fork," 

Really bad decision. Extremely shortsighted.

coindesk.com/coders-renew-e…
19/ "the Sia core team has decided to reset the Sia Proof-of-Work function to brick the Bitmain and Innosilicon hardware"

"Innosilicon is Sia’s largest miner, mining a stable 37.5% of the Sia hashrate."

Sia devs just shot themselves in the foot. 🤦‍♂️

blog.sia.tech/sia-proof-of-w…
20/ "We like to see high availability of hardware. Ideally, the best hardware in the world is available to everyone easily, and any deals that are presented by manufacturers to some group are also made available broadly."

This move will do the opposite.
21/ The idea that the "community" supports this fork is ridiculous. Are miners not part of the community? Are hardware manufacturing companies not part of the community? No way half the mining community supports bricking their own hardware. The numbers speak for themselves.
22/ Miners & hw manufacturers have to make substantial long term investments in their biz. Fucking with their rev projections, bricking their hardware, & having the dev team compete w/ them directly will all discourage mining investment.

Result is a centralized insecure network.
23/ This will be a great case study one day.

"David Vorick, founder and CEO of Nebulous announced the release of code version 1.3.6 in sia's official channel on Discord Tuesday, reminding miners that the hard fork will be activated on Oct. 31."

coindesk.com/sia-network-re…
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re: ASICs > GPU

ASICs are inevitable. ASICs are your friend. Embrace them.

1. There is no such thing as an ASIC proof PoW algo. Given enough time and financial incentive someone will figure out a way to make a purpose built rig that outperforms GPUs.
2. The only practical way to keep ASICs off your network is to continuously manually change the algo, which bricks current ASICs, with the hope of discouraging future ASIC development. This comes with centralization & third party risk. Who decides when and how it changes?
3. ASICs enhance the loose game theory that backs bitcoin's security model. Attacks become much more expensive since the ASICs are useless after. GPUs can mine on other chains after an attack, ASICs cannot.
Read 8 tweets
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One of the major conflict points in this space is that US based VCs & HFs are investing in quasi-legal(to put it lightly) projects & attempting to extract an ROI. That alone makes the project vulnerable. It means there are known actors which the US gov can go after.
Key characteristics that make a protocol or app more censorship resistant (anonymous/global devs, open source. lack of central control) go directly against the idea of US based VCs & founders being able to extract an ROI. They themselves are one of the main vulnerabilities.
So they really only have one option:
(1) Deny that they & their biz model are an attack vector.
(2) Move forward without permission & hope US gov doesn't crackdown.
(3) Lobby gov for a favorable result.
(4) Comply if forced.
(5) Hope to compete against distributed alternatives.
Read 4 tweets
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Couple of thoughts re: bitmain IPO.

(1)Bitmain will want to make their holdings look as impressive as possible, so they will probably try to pump bch (maybe the other alts too) before the IPO. They have been trying (and failing) to corner the market for the last year.
(2a) The added transparency for the IPO has put them in a vulnerable position. They are overexposed to bitcoin cash and now their competitors know. I have theorized in the past that the main reason bch hasn't been 51% attacked yet is due to fear of retaliation from bitmain.
(2b) So with that said, my thought now is bitmain's competitors have an extra incentive to attack the bitcoin cash chain to disrupt the IPO. On top of that, bitmain is probably less likely to retaliate given the extra attention the IPO brings.
Read 4 tweets

Related threads

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Hello everyone, welcome to @Nairametrics Corporate News roundup for the week ended September 22, 2018. This thread is brought to you by @BluechipTechNG

Thread starts here
As usual, kindly indulge us by retweeting the first tweet of this thread so others on your timeline won't miss out. Feel free to comment as your insights make this thread even more informative

We begin...
1.We begin with news of a surprise takeover of Skye Bank by the CBN. The CBN announced that it has revoked the license of the bank with immediate effect.
Read 57 tweets
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Today is Krishna Janmashtami (Gokulashtami).

One of the great Indian festivals honoring the birth and memory of a great Indian personality -

Vāsudeva Kṛṣṇa
Now it is not uncommon for countries to celebrate personalities by commemorating their birthdays.

We have Christmas for Jesus Christ
Mawlid for Muhammad
President’s day for George Washington
October 2nd for Mahatma Gandhi
But Vasudeva Krishna is not just a historical personality.

He is a lot more than that.

He represents the lifeblood of a civilization. He is not just one of the most popular Hindu deities. But also the prime influencer of so many aspects of Indian life
Read 82 tweets
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#Today's story to #EndFamilySeparation Four months ago, Dad and 4-month-old entered at the Texas/Mexico border and requested #asylum. Dad and child were immediately separated and the baby put in ORR custody. #FamiliesBelongTogether
Dad was detained in a #Texas detention center where @RAICESTEXAS consulted. Dad accepted a deportation to be quickly reunited w/ his infant child. However, the Dad was deported & NOT his child. The now 8-month-old baby has been in ORR custody for 4 months. #EndFamilySeparation
The Mom and Dad now have once weekly Skype calls with their 8-month-old baby. That's right, folks. They Skype with an infant. #EndFamilySeparation #FamiliesBelongTogether
Read 7 tweets
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There's a BIG problem with the PAPADOPOULOS story

Why didn't he tell anyone about the conservative holy grail, the hacked "Hilary emails"?

(Except the FBI and Alexander Downer of course)

THREAD
Former Trump campaign aide GEORGE PAPADOPOULOS has sworn under oath these key facts:

1. He met "Professor" MIFSUD in early '16

2. MIFSUD told him "Russia" had 1,000's of "Hilary emails"

These come from his "statement of the offence" to the FBI, submitted to federal court
PAPADOPOULOS supposedly tells ALEXANDER DOWNER about this in a "drunken conversation" at Kensington Wine Rooms, May '16

DOWNER sits on it, eventually getting telling the FBI after he sees hacked DNC emails being released

From Jul 31, the Trump/Russian investigation is ON
Read 21 tweets
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Is a mysterious British private spy firm linked to a series of “collusion” stings on the @realDonaldTrump team? Is HAKLUYT the "British Fusion GPS"?

(BIG) THREAD
The British end of the 2016 "sting" campaign against @realDonaldTrump is unlikely to get a mention in the first @JusticeOIG report from IG Horowitz, due out #soon. @DevinNunes @HouseIntelComm reports haven't focused on this potentially huge story much either. Let's take a look.
ALEXANDER DOWNER’S 2016 "chat" with GEORGE PAPADOPOULOS at the Kensington Wine Rooms about Cypriot JOSEPH MIFSUD & "Hilary emails" allegedly sparked the FBI's July 2016 counterintel investigation. DOWNER *initiated* that chat & even the @nytimes concede he may have been "fishing"
Read 46 tweets
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1. Have you checked the MSM lately? Say, within the past few days? Chaos abounds! Here is my opinion on why.
2. They have no idea what is going on with Syria.
3. They have no idea what is happening with the military.
Read 21 tweets

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