Bitmain will not be able to launch a 51{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} attack against a UASF Segwit soft fork – for the very reason they are opposing Segwit right now: Their hash power is incompatible with Segwit!

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Remember, so far the worst outcome looked like this: Segwit UASF is activated, but Bitmain&Co have 51{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8}+ of the hashrate, and use that to orphan all newly mined blocks on the Segwit softfork, thereby effectively forcing a PoW-change hard fork.

However, even if Bitmain somehow controlled 51{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8}+ of the hash rate before the UASF, much of that hash rate could not be used to attack the Segwit-softfork!

I believe this makes it clearer than ever before that Bitcoin Core must press ahead with UASF as soon possible:

  • Bitmain will always have a strong economic incentive to block Segwit whereever possible – a compromise is impossible. They support BU, 2MB-blocks, etc… only to stall time and make more money

  • Bitmains hash power cannot be used to launch a 51{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} attack to prevent Segwit

  • Honest miners will strongly support Segwit, because they will make a lot more money this way

submitted by /u/HighDefinist
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Ticker

1 BTC = $27689.70 USD  (via Coinbase)
1 ETH = $1903.18 USD  (via Coinbase)
1 LTC = $92.00 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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