đ
Original date posted:2015-08-18
đ Original message:Eric,
>FWIW...
These are all good points and I agree with most of them. Yes, the block size debate is a lucky historical accident, which makes it easier for XT to pull off the split, but that's not the point.
The point is, the split _must_ happen because the centralized governance of Bitcoin became a bigger problem than the risks of a fork or larger blocks.
You cannot govern a decentralized currency with a centralized entity.
That's why we shouldn't fear hard forks - they are the new reality, and if we cannot set up a reliable process for them to happen then there _is_ no decentralized Bitcoin and we all might as well just give up and go home.
----
And that's why it would be nice to have a more complex voting mechanism in the block header (see this proposal for the new header format, for example: https://bitcointalk.org/index.php?topic=1151698) and other initiatives to make forking more reliable and user choice easier.
This is a better path than trying to suppress all forks by dictatorship methods of the few currently in power.
NxtChg [ARCHIVE] /
npub1ywâŚz8l47
2023-06-07 17:36:14
in reply to nevent1qâŚlh8l
Author Public Key
npub1yw9mz9gsrukq2seu9w9wljqw6k62l8fllpz8fzze673znzc3ddysaz8l47Published at
2023-06-07 17:36:14Event JSON
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Original date posted:2015-08-18\nđ Original message:Eric,\n\n\u003eFWIW...\n\nThese are all good points and I agree with most of them. Yes, the block size debate is a lucky historical accident, which makes it easier for XT to pull off the split, but that's not the point.\n\nThe point is, the split _must_ happen because the centralized governance of Bitcoin became a bigger problem than the risks of a fork or larger blocks.\n\nYou cannot govern a decentralized currency with a centralized entity.\n\nThat's why we shouldn't fear hard forks - they are the new reality, and if we cannot set up a reliable process for them to happen then there _is_ no decentralized Bitcoin and we all might as well just give up and go home.\n\n----\n\nAnd that's why it would be nice to have a more complex voting mechanism in the block header (see this proposal for the new header format, for example: https://bitcointalk.org/index.php?topic=1151698) and other initiatives to make forking more reliable and user choice easier.\n\nThis is a better path than trying to suppress all forks by dictatorship methods of the few currently in power.",
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