Cam, your scenario makes no sense. > 1. Spoil the ballot. Have Bitcoin Core propagate the Bitcoin XT version string. > 2. Encourage all miners to false vote for the Bitcoin XT fork. This would obliterate any confidence in Bitcoin Core. I seriously doubt anyone would actually be ok with a pull request implementing this. > 3. Setup good Atomic Swap markets. Who would bother writing this code, let alone trading on these markets? > 4. Setup a fork of Bitcoin XT that allows people to easily make a transaction only on the XT fork (while leaving the original BTC coins untouched). I doubt this is even possible. On Sun, Aug 16, 2015 at 6:02 PM Cameron Garnham via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > I think that it is important to note that Bitcoin XT faces a natural > uphill battle. > > Since it is possible to setup atomic inter-fork coin trades. I do not > see how Bitcoin XT could possibly win if Satoshi decides to sell 10000 > XTBTC for BTC everyday for the first 100 days after the fork. > > In many ways Satoshi gets to decide the winning fork just by his huge > economic investment in Bitcoin. > > > Here is some simple game-theory for non-consensus forks: > > 1. Spoil the ballot. Have Bitcoin Core propagate the Bitcoin XT version > string. > > 2. Encourage all miners to false vote for the Bitcoin XT fork. > > - Now people have no-idea what % of the economy Bitcoin XT holds. - > Making it impossible for people to put economic faith behind Bitcoin XT. > > 3. Setup good Atomic Swap markets. > > 4. Setup a fork of Bitcoin XT that allows people to easily make a > transaction only on the XT fork (while leaving the original BTC coins > untouched). > > > This means that the Bitcoin XT fork will be born per-mature. Probably > with only a small % of hashing power behind it (contrary to the almost > 100% that falsely claim to support it). It will be embarrassing that for > the goal of larger blocks, XT instead has blocks (before re-adjustment) > every 2h. > > > The price for XTBTC coins will plummet, Satoshi progressively dumping > his 1M stash over a year or so will make sure that it doesn't recover > either. > > > I cannot see how Bitcoin XT is but-not in a extremely weak position from > game theory. > > I'm sure smarter people than I could come up with even more ways to > disrupt non-consensus forks. > > Cam. > > > > On 16/8/2015 6:39 AM, muyuubyou via bitcoin-dev wrote: > > 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 > > > > > > > > _______________________________________________ > > bitcoin-dev mailing list > > bitcoin-dev@lists.linuxfoundation.org > > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev > > > > _______________________________________________ > bitcoin-dev mailing list > bitcoin-dev@lists.linuxfoundation.org > https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev >