to a new level of retard we never new existed
Topic: Hearn Blames China AGAIN for Bitcoin's Trouble! Says Chinese wanted "Rhymes" (Read 377 times)
January 18, 2016, 09:15:07 AM
anything with Blocksize and the Firewall in the same sentence is going
to a new level of retard we never new existed
to a new level of retard we never new existed
January 18, 2016, 08:58:15 AM
Interesting stuff, no doubt miners are a big power in the bitcoin ecosystem, maybe the biggest...
January 18, 2016, 08:42:07 AM
Mike Hearn blames China AGAIN for Bitcoin's trouble! Says Chinese wanted to decide protocol constants using "Rhymes"!
Source: https://news.ycombinator.com/item?id=10921219
~~
Quote
No. It took a sharp fall in the BTC price.
This narrative that Gavin and I were unwilling to compromise is deeply unfortunate. BIP 101 originally started with a 20mb limit+growth. That was based on some calculations Gavin did. At that point the Chinese miners started saying they couldn't accept 20 because of the firewall, but eight would be OK. They put announcements of their support for eight megabyte blocks in their coinbases, etc.
Why eight? Because it's a Chinese homonym for "prosper" or "wealth":
https://en.wikipedia.org/wiki/Numbers_in_Chinese_culture#Eig...
It crops up in the Chinese Bitcoin community all the time. So this choice obviously wasn't based on any kind of scientific analysis. Having Bitcoin protocol constants be decided by rhymes would obviously have been an embarrassment, but nonetheless, we compromised and did it.
After Core rejected the now-modified BIP 101, Gavin and I released XT together. At this point the miners changed their tune. They announced they would never run anything except Core, period, end of story. This "requirement" had not been specified before. From both speaking to them personally (I have had various phone calls with miners around the world, including miners in China) and their public statments, they made it clear that their loyalty to Core was absolute and no matter what changes we made to XT, they would never run it. Thus compromising further was pointless.
Why is Classic different? It wasn't, just one or two days ago. After I released my article, I was CCd on a private thread where KnC Miner published an "open letter" and suggested switching to Classic. The other miners shot him down immediately saying they wanted the change to come from Core. Then the price started sliding, and they started reversing their positions. Suddenly, Classic was acceptable whereas just hours before it had not been.
This narrative that Gavin and I were unwilling to compromise is deeply unfortunate. BIP 101 originally started with a 20mb limit+growth. That was based on some calculations Gavin did. At that point the Chinese miners started saying they couldn't accept 20 because of the firewall, but eight would be OK. They put announcements of their support for eight megabyte blocks in their coinbases, etc.
Why eight? Because it's a Chinese homonym for "prosper" or "wealth":
https://en.wikipedia.org/wiki/Numbers_in_Chinese_culture#Eig...
It crops up in the Chinese Bitcoin community all the time. So this choice obviously wasn't based on any kind of scientific analysis. Having Bitcoin protocol constants be decided by rhymes would obviously have been an embarrassment, but nonetheless, we compromised and did it.
After Core rejected the now-modified BIP 101, Gavin and I released XT together. At this point the miners changed their tune. They announced they would never run anything except Core, period, end of story. This "requirement" had not been specified before. From both speaking to them personally (I have had various phone calls with miners around the world, including miners in China) and their public statments, they made it clear that their loyalty to Core was absolute and no matter what changes we made to XT, they would never run it. Thus compromising further was pointless.
Why is Classic different? It wasn't, just one or two days ago. After I released my article, I was CCd on a private thread where KnC Miner published an "open letter" and suggested switching to Classic. The other miners shot him down immediately saying they wanted the change to come from Core. Then the price started sliding, and they started reversing their positions. Suddenly, Classic was acceptable whereas just hours before it had not been.
Source: https://news.ycombinator.com/item?id=10921219
~~
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