📅 Original date posted:2017-10-10
📝 Original message:2017-10-09 22:39 GMT-03:00 Paul Sztorc via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org>:
> That is only a one-way peg, not a two-way.
>
> In fact, that is exactly what drivechain does, if one chooses parameters
> for the drivechain that make it impossible for any side-to-main transfer to
> succeed.
>
> One-way pegs have strong first-mover disadvantages.
>
I understand the first-mover disadvantages, but I keep thinking that if the
new chain is Pareto optimal, i.e. is in all aspects at least good as the
original chain, but in some so much better to justify the change, the
initial resistance is an unstable equilibrium. Like a herd of buffaloes
attacking a lion: the first buffalo to attack is in awful disadvantage, but
if a critical mass of the herd follows, the movement succeeds beyond
turning back, and every buffalo benefited, both those who attacked the lion
and those that didn't (because the lion was chased away or killed).
--
Lucas Clemente Vella
lvella at gmail.com
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Lucas Clemente Vella [ARCHIVE] /
npub19k…0235g
2023-06-07 18:06:59
in reply to nevent1q…79z5
Author Public Key
npub19kh93sp86d62nty669ffmttlq6vedf95g2eep5dh5443s64x5rpq60235gSeen on
wss://relay.nostr.bandPublished at
2023-06-07 18:06:59Event JSON
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"content": "📅 Original date posted:2017-10-10\n📝 Original message:2017-10-09 22:39 GMT-03:00 Paul Sztorc via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e:\n\n\u003e That is only a one-way peg, not a two-way.\n\u003e\n\u003e In fact, that is exactly what drivechain does, if one chooses parameters\n\u003e for the drivechain that make it impossible for any side-to-main transfer to\n\u003e succeed.\n\u003e\n\u003e One-way pegs have strong first-mover disadvantages.\n\u003e\n\nI understand the first-mover disadvantages, but I keep thinking that if the\nnew chain is Pareto optimal, i.e. is in all aspects at least good as the\noriginal chain, but in some so much better to justify the change, the\ninitial resistance is an unstable equilibrium. Like a herd of buffaloes\nattacking a lion: the first buffalo to attack is in awful disadvantage, but\nif a critical mass of the herd follows, the movement succeeds beyond\nturning back, and every buffalo benefited, both those who attacked the lion\nand those that didn't (because the lion was chased away or killed).\n\n-- \nLucas Clemente Vella\nlvella at gmail.com\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20171010/533ac1c1/attachment.html\u003e",
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