đ
Original date posted:2015-08-15
đ Original message:If this proposal has less than half of the total hashpower (or is it even
less than 75%? Haven't quite thought it through completely) supporting it,
I can see the following happening if the sum of supporters and people who
want to screw the supporters out of money is at least 75%:
Non-supporters create blocks with the new version, but don't actually
implement the rule. Then after the new rule is locked in, miners will
create too-large blocks that are rejected by the majority. If the
percentage is less than half, then from their perspective, they will
essentially be on the losing side of a soft fork, and they'll be losing
money by mining for nothing, even from their perspective and that of e.g.
users and merchants who have upgraded.
On Saturday, August 15, 2015, Milly Bitcoin via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> So if you want a user vote, that's an issue that'd have to be tackled:
>> the people who admin the main communication channels Bitcoin users have
>> vowed to censor any program that doesn't slavishly follow 51%+ hash
>> power. That attempt to control the conversation is certainly not
>> libertarian or democratic in nature, but there you go.
>>
>
> These types of actions are immediately apparent to anyone who looks at the
> Bitcoin ecosystem (Bitcoin.org, Githib, Wiki, bitcointalk, etc.) and were
> readily apparent long before any block size debate. It is almost a taboo
> subject and anyone who raises these types of issues is immediately labeled
> as a "troll." These are the people who used to run around saying that
> Bitcoin development is "decentralized" because anyone can fork the code and
> now many of the same people claim a fork will destroy everything.
>
> The problem is that a small group of highly irrational and inexperienced
> people (outside of the small and unusual Bitcoin ecosystem) have control
> over the majority of the resources. I think over time the problem will
> even itself out but currently it is an obstacle in moving Bitcoin forward.
>
> Russ
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
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Micha Bailey [ARCHIVE] /
npub1g9âŚ323pl
2023-06-07 17:35:14
in reply to nevent1qâŚpxkk
Author Public Key
npub1g97v5rt5sguagjk0cetckrhhmr3hded8u4vwe5keqphe7ye9tgfsv323plSeen on
wss://relay.noswhere.comPublished at
2023-06-07 17:35:14Event JSON
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Original date posted:2015-08-15\nđ Original message:If this proposal has less than half of the total hashpower (or is it even\nless than 75%? Haven't quite thought it through completely) supporting it,\nI can see the following happening if the sum of supporters and people who\nwant to screw the supporters out of money is at least 75%:\nNon-supporters create blocks with the new version, but don't actually\nimplement the rule. Then after the new rule is locked in, miners will\ncreate too-large blocks that are rejected by the majority. If the\npercentage is less than half, then from their perspective, they will\nessentially be on the losing side of a soft fork, and they'll be losing\nmoney by mining for nothing, even from their perspective and that of e.g.\nusers and merchants who have upgraded.\n\nOn Saturday, August 15, 2015, Milly Bitcoin via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e So if you want a user vote, that's an issue that'd have to be tackled:\n\u003e\u003e the people who admin the main communication channels Bitcoin users have\n\u003e\u003e vowed to censor any program that doesn't slavishly follow 51%+ hash\n\u003e\u003e power. That attempt to control the conversation is certainly not\n\u003e\u003e libertarian or democratic in nature, but there you go.\n\u003e\u003e\n\u003e\n\u003e These types of actions are immediately apparent to anyone who looks at the\n\u003e Bitcoin ecosystem (Bitcoin.org, Githib, Wiki, bitcointalk, etc.) and were\n\u003e readily apparent long before any block size debate. It is almost a taboo\n\u003e subject and anyone who raises these types of issues is immediately labeled\n\u003e as a \"troll.\" These are the people who used to run around saying that\n\u003e Bitcoin development is \"decentralized\" because anyone can fork the code and\n\u003e now many of the same people claim a fork will destroy everything.\n\u003e\n\u003e The problem is that a small group of highly irrational and inexperienced\n\u003e people (outside of the small and unusual Bitcoin ecosystem) have control\n\u003e over the majority of the resources. I think over time the problem will\n\u003e even itself out but currently it is an obstacle in moving Bitcoin forward.\n\u003e\n\u003e Russ\n\u003e\n\u003e\n\u003e _______________________________________________\n\u003e bitcoin-dev mailing list\n\u003e bitcoin-dev at lists.linuxfoundation.org\n\u003e https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150815/65208c23/attachment.html\u003e",
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