Just sharing a comment from else where that I happenstanced on (bear in mind I am sleep deprived at the moment):
This will bankrupt the miners and put them out of business.
This new PoW proposal, at least is admitting their goal is to put the ASICS guys out of work.
You can bet any hard fork with a new PoW is going to have Segwit already activated so LN can be used immediately.
(Funny Core is not afraid of this Hard Fork.) 
Blockstream/segwit/LN supporters are dirty as can be, but at least they are consistently dirty.
Funny thing is , you also are putting the less than 30% mining pools that supported segwit out of business.
They have no choice now but to join BTU, or be discarded with the other asics miners by your new PoW Algo.
I figured that is why they won’t prioritize malleability fix and why they need unlimited block sizes. But unlimited block sizes is a power vacuum that awards a mining cartel.
Also changing the PoW algorithm means someone might secretly have an ASIC advantage already, or someone might get one before everyone else and use it to attack the network.
I don’t think the token holders will agree to a PoW algorithm change. Core will be defeating themselves.
Thus we have a standoff. Neither side can compromise because there is no compromise that works for both sides. Core wants massive scaling but with centralized LN hubs for their bankster friends. BTU wants limited scaling at what ever their mining cartel can handle on chain. Neither are decentralized.
It is a clusterfuck. I bought ETH. LTC and XMR are other options.
Published at Wed, 22 Mar 2017 02:05:57 +0000
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