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RE: Hello Steemit comunity
I positioned my comment the same as Jimmy Song, who actually did some research on Bitmain's ASIC. He said that rough estimation of technology's value could be around $2 million (which seemed very little).
How much ASICBOOST has been used to advantage Chinese miners? Only they know, and if you claim to know, I don't believe you.
They have been stalling SegWit for long enough and getting more and more advantage while they are doing that.
Right the potential value was $2mm. Next to nothing. Not even worth bringing up unless someone is playing politics.
There are telltale signs when it is used. Evidence suggests it has never been used at all.
They have not been stalling SegWit. They have been looking for an actual on-chain scaling solution and SegWit doesn't do that. SegWit is also flawed in many ways (changes the economics of certain txes in favor of other txes, adds tons of tech debt, many more negatives), so it's not a binary issue --> Segwit = good, Segwit = bad, someone against SegWit = bad/has an agenda.
SegWit has a potential for scaling the network. It supports option of Lighting network which in theory could speed up transaction time and lower the fees. Sure you can't predict everything and something might come out bad. But how is this not scaling?
And what is making you so sure that Chinese miners are looking for an actual on-chain scaling solution that isn't SegWit? What is that they are looking at? And why they are going trough with SegWit now and admitting that it is the best way forward if it isn't a solution?
A block size increase is what they are looking at. And the roadmap provided by Bitmain included EVERY single scaling option. They aren't putting their eggs in any one scaling basket -- they are (appropriately) willing to explore them all.
Lightning is NOT Bitcoin. It's a financial derivative that is NOT P2P. It has points of centralization. It's cool but it is NOT Bitcoin.
Block size increase also is not the answer. At least not right now. Maybe next year or year after it will be a necessity.