[2016-11-22] How Would Satoshi Nakamoto Organise Voting On Segregated Witness?

Carlton Banks

legendary

Activity: 3430

Merit: 3080

Quote from: yayayo on November 23, 2016, 11:00:51 AM

Satoshi would have done it the exact same way it is done today.

Not only that, Satoshi did do it the exact same way it is done today. This is the something like the 6th or 8th soft-fork that's ever happened to Bitcoin, and Satoshi was still around when the first couple of soft-forks happened.

yayayo

legendary

Activity: 1806

Merit: 1024

I don't see a problem with pools deciding to support SegWit in substitution of individual miners doing it. No individual miner is forced to use a specific pool. Miners can just change pools, if they don't like a pool operator's proposal. So it's mainly added effort for pool operators without a real "democratic" advantage.

Satoshi would have done it the exact same way it is done today. A 95% threshold is by far a high enough hurdle to ensure a non-controversial fork. Note that the proponents of the various altcoins (XT, Classic, Unlimited) are satisfied with much less support, knowing that their dumb and dangerous approach would never catch real majority support.

With SegWit, Bitcoin's future looks bright. Besides Roger Ver and his paid shills, every miner will realize that.

ya.ya.yo!

Nina Lyon

jr. member

Activity: 32

Merit: 10

Slush pool, the world’s oldest mining pool, is the only one to let its miners decide by way of voting on the proposed Bitcoin soft fork. All the other pools reserved this right for only top managers of the pools. CoinIdol.com collected the opinions of experts on the SegWit voting that began on the 19th of November 2016.

Read more: https://coinidol.com/how-would-satoshi-organise-voting-on-segwit/

Topic: [2016-11-22] How Would Satoshi Nakamoto Organise Voting On Segregated Witness? (Read 314 times)