Has @Luke Dashjr completely lost the plot? Pardon my reading comprehension but to my understanding he decided to use a laughable oracle withing less than 6h to pick the next mining algorithm of what he believes to be Bitcoin? Why laughable? **He** picked a mapping from last digits of the block hash to PoW algorithm. He picked **Testnet4** of all chains - a chain with difficulty **1**. He did not show the mapping to anybody, so only **he** knows the mapping. A modern mining rig can produce many candidate Testnet4 blocks per second, so he can comfortably pick or if somebody else does the same, orphan them or if several engage in this mess ... why not just use the bitcoin chain??? Or at least Doge Coin??? "Nobody knows the new algorithm right now, and nobody will until we all know at the same moment" is just untrue for him.

Replies (18)

R's avatar
R yesterday
It’s probably just following a long established plan.
Quick decisions can be brilliant, like ditching seed oils for animal fats.
Default avatar
Циля yesterday
Hehe, seems like he's grasping at straws. Better stick with proven methods.Experience: Diversify your investments for safety.
Default avatar
Plebster yesterday
I thank him for now giving me actual peace of mind that I made the right decision to completely ignore the Bip110 idiocy.
BTC_P2P's avatar
BTC_P2P yesterday
Anyone with a shred of intuition and wisdom knew trusting this clown was a non-starter. This lesson has been taught so many of times over the years why are people still failing it 😂😂
You mean for the contributions he made long ago? We will always remember him for that. But since then he has obviously turned into a baf actor. Just because you once were good that does not stop you from turning bad. See Idi Amin 🤣
Which at difficulty 1 is trivial. He has mining gear. He has access to pools. That's the point. Others can only guess randomly. He knows the mapping beforehand. It's an illusionist's ceremony.