Strongly with Peter on this. That its highly complex to maintain strict consensus between bitcoin versions, does not justify consensus rewrite experiments; it tells you that the risk is exponentially worse and people should use and rally around libconsensus.

I would advise any bitcoin ecosystem part, wallet, user to not use software with consensus protocol rw-writes nor variants, you WILL lose money.

You could view bitcoin as a digital signature algorithm speculatively tinkering with the algo is highly prone to binary failure mode and unbounded funds loss.

Want to be clear this is not a political nor emotive issue. It is a critical technical requirement for security if users of software people write.

On Feb 14, 2015 6:24 AM, "Tamas Blummer" <tamas@bitsofproof.com> wrote:

Peter,

You did not address me but libbitcoin. Since our story and your evaluation is probably similar, I chime in.

On Feb 14, 2015, at 2:13 PM, Peter Todd <pete@petertodd.org> wrote:

So stop wasting your time. Help get the consensus critical code out of
Bitcoin Core and into a stand-alone libconsensus library,

We have seen that the consensus critical code practically extends to Berkley DB limits or OpenSSL laxness, therefore
it is inconceivable that a consensus library is not the same as Bitcoin Core, less its P2P service rules, wallet and RPC server.

On Feb 14, 2015, at 2:13 PM, Peter Todd <pete@petertodd.org> wrote:

Or you can be stereotypical programmers and dick around on github for
the next ten years chasing stupid consensus bugs in code no-one uses.

The Core code base is unfriendly to feature extensions because of its criticality, legacy design and ancient technology. It is also a commodity
that the ecosystem takes for granted and free.

I honestly admire the core team that works and progresses within these limits and perception.

I am not willing to work within the core’s legacy technology limits. Does it mean I am dicking around? I think not.
It was my way to go down the rabbit hole by re-digging it and I created successful commercial products on the way.

It is entirely rational for me to focus on innovation that uses the core as a border router for this block chain.

I am rather thankful for the ideas of the side chains, that enable innovation that is no longer measured on unapologetic compatibility with a given code base, but its services to end user.

Tamas Blummer
Bits of Proof

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