Can someone please ELI5 why ASICBOOST would be considered an exploit?
Especially considering Satoshi clearly got caught off guard by the quick rise in GPU mining-- which led to the bootstrapping mechanism putting Bitcoin in fewer hands than it otherwise would have. But I never saw Satoshi call GPU mining an exploit.
Especially considering Satoshi clearly got caught off guard by the quick rise in GPU mining-- which led to the bootstrapping mechanism putting Bitcoin in fewer hands than it otherwise would have. But I never saw Satoshi call GPU mining an exploit.