Topic: How does UASF work? (Read 529 times)
I am no technical specialist, and don't know how UASF works... just wanted to say I find it funny how it works for Litecoin, and many changes to Bitcoin are tested on LTC first yet it (LTC) remains 1/50th the price of a Bitcoin. Kind of funny/odd when you think about it.
Yes, users can make the difference over miners.
Because, miners generate blocks ... but it's the users (software) that it actually "accept" the block.
If miners want activate Segwit with an other method, regular users don't see this method.
That's why, only this graph is valuable for the 89 000 nodes of the Bitcoin network : http://bitcoin.sipa.be/versions.html
If 800 miners want use an other software, they can.
they fork.
simple.
But it will not be Bitcoin network.
Not the 89 000 nodes that they wait Segwit and 1Mb block.
And, just an hint : BIP148 enforced client are 2700 nodes, now ... more than all "others" miners.
You can't build a network without nodes.
And only 4,3% of the WHOLE Bitcoin network prune the local blockchain.
That's why user (node) can make the difference.
Because, miners generate blocks ... but it's the users (software) that it actually "accept" the block.
If miners want activate Segwit with an other method, regular users don't see this method.
That's why, only this graph is valuable for the 89 000 nodes of the Bitcoin network : http://bitcoin.sipa.be/versions.html
If 800 miners want use an other software, they can.
they fork.
simple.
But it will not be Bitcoin network.
Not the 89 000 nodes that they wait Segwit and 1Mb block.
And, just an hint : BIP148 enforced client are 2700 nodes, now ... more than all "others" miners.
You can't build a network without nodes.
And only 4,3% of the WHOLE Bitcoin network prune the local blockchain.
That's why user (node) can make the difference.
Is there any opinion on how much impact the UASF will have? I mean will it really change something if I, as simple user, running a full node, "enforce" BIP 148. Do the users of the Bitcoin network have any power? Can it really "enforce" a change?
I heard that for Litecoin the UASF worked. But I dont know why. Is there any possible technical description on how this UASF works?
How much "voting power" has a user and how much "voting power" overall is needed for BIP 148 to happen.
I heard that for Litecoin the UASF worked. But I dont know why. Is there any possible technical description on how this UASF works?
How much "voting power" has a user and how much "voting power" overall is needed for BIP 148 to happen.
Jump to: