From: muyuubyou <muyuubyou@gmail•com>
To: bitcoin-dev@lists•linuxfoundation.org
Subject: Re: [bitcoin-dev] Bitcoin XT 0.11A
Date: Sat, 15 Aug 2015 23:39:54 +0100 [thread overview]
Message-ID: <CADWuND3EfO6YO3g4H09_mWhrHC4PX4SZpTTuETiX2PyCxSRCsQ@mail.gmail.com> (raw)
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I posted this to /r/BitcoinMarkets but I thought I might post it here as
well.
---
Currently 0 mined blocks have voted for XT.
If it ever gets close to even 50%, many things can happen that would
reshape the game completely.
For instance:
- Core could start boycotting XT by not relying to them and/or not relying
from them.
- Core could appropriate the version string of XT, making it impossible to
know how much they are progressing and a losing bet to actually execute the
fork.
This kind of node war if the factions were sizeable would make it very
risky to transact at all - balances in new addresses could end up
vanishing. Usability of the system would plummet.
Note that any disagreement between the network and the biggest economic
actors - mainly the exchanges at this point, "wallet services" maybe -
would mean BTC plummets. Hard. And so would confidence.
It's a risky game to play.
---
PS: I consider this attempt at takeover about as foul as it gets. The
equivalent of repeating a referendum until a yes is obtained: the
reasonable reaction to this is actively blocking said "referendum". There
was a fair play alternative which is voting through coinbase scriptSig like
plain 8MBers are doing, or like BIP 100 proposes for dynamic adjustment.
Once a majority is obtained in this way, devs have to react or if they
don't then this sort of foul play would be justified. But this wasn't the
case.
-----
為せば成る
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next reply other threads:[~2015-08-15 22:39 UTC|newest]
Thread overview: 47+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-08-15 22:39 muyuubyou [this message]
2015-08-16 18:37 ` Andrew LeCody
2015-08-16 23:02 ` Cameron Garnham
2015-08-16 23:22 ` Andrew LeCody
2015-08-17 0:03 ` Cameron Garnham
2015-08-17 6:42 ` Peter Todd
2015-08-17 12:29 ` Andrew LeCody
2015-08-17 12:33 ` Eric Lombrozo
2015-08-19 10:09 ` Jorge Timón
2015-08-19 15:41 ` s7r
2015-08-19 22:28 ` Jorge Timón
2015-08-19 22:45 ` Adam Back
2015-08-19 23:23 ` Peter Todd
2015-08-20 10:25 ` s7r
2015-08-20 11:32 ` Milly Bitcoin
2015-08-20 11:46 ` Hector Chu
2015-08-20 12:29 ` Milly Bitcoin
2015-08-20 14:25 ` Tamas Blummer
2015-08-17 21:42 ` Matt Corallo
-- strict thread matches above, loose matches on Subject: below --
2015-08-16 2:08 muyuubyou
2015-08-15 17:02 Mike Hearn
2015-08-15 17:57 ` s7r
2015-08-15 18:38 ` s7r
2015-08-15 19:21 ` Mike Hearn
2015-08-15 20:36 ` Milly Bitcoin
2015-08-15 20:47 ` Bryan Bishop
2015-08-15 21:10 ` Milly Bitcoin
2015-08-15 20:55 ` Micha Bailey
2015-08-15 21:32 ` Eric Lombrozo
2015-08-15 22:01 ` Ken Friece
2015-08-15 22:16 ` Eric Lombrozo
2015-08-15 22:27 ` Angel Leon
2015-08-15 22:28 ` Ken Friece
2015-08-15 22:55 ` Mark Friedenbach
2015-08-15 23:04 ` Ken Friece
2015-08-15 23:07 ` Eric Lombrozo
2015-08-15 23:30 ` Michael Naber
2015-08-15 23:40 ` Mark Friedenbach
2015-08-15 23:57 ` Ken Friece
2015-08-16 0:06 ` Milly Bitcoin
2015-08-16 13:49 ` Mike Hearn
2015-08-16 15:44 ` Anthony Towns
2015-08-16 16:07 ` Tamas Blummer
2015-08-16 16:12 ` Levin Keller
2015-08-16 17:01 ` Adam Back
2015-08-16 18:15 ` Tamas Blummer
2015-08-16 20:27 ` Eric Voskuil
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