Pages:
Author

Topic: Oh shit, it's a draw - Blockstream wins - page 2. (Read 1329 times)

legendary
Activity: 1302
Merit: 1002
March 30, 2017, 02:53:39 AM
#7
***
Bitcoin maximalists have run around for years with the idea that POW as the only system that can work.
***

hmm there a is pleanty POS systems that works right now maybe they are not popular but they works for sure.
And NONE has been able to make Nothing at stake attack while POW 51% forks were common.
Conclusion is that POS is much more safe system.
sr. member
Activity: 476
Merit: 501
March 30, 2017, 02:40:31 AM
#6
As much as I laughed at the image provided by Viscount:

Bitcoin core a family company = a privatised entity
Helping you keep bitcoin decentralised = Helping us keep bitcoin protocol development centralised.

UASF, the crowbar that breaks open the consensus mechanism through brute force.
sr. member
Activity: 378
Merit: 250
March 30, 2017, 02:38:40 AM
#5
You forgot    efficient remedy against malicious anti-btc miners and other Vermins


First write a new Bitcoin whitepaper.
In the original Bitcoin whitepaper, Bitcoin is a consensus system, consensus is determined by miners. Would you like to change original Bitcoin to a new kind of Bitcoin where miners do not enforce consensus? Go ahead. I am not saying it's wrong, but it will not be original Bitcoin.

Bitcoin maximalists have run around for years with the idea that POW as the only system that can work. It's ironic that they now want to reject the very core of their beliefs with UASF and such ideas.
legendary
Activity: 1092
Merit: 1000
March 30, 2017, 02:32:45 AM
#4
You forgot    efficient remedy against malicious anti-btc miners and other Vermins
Or maybe Pos? but we don't want to harm Bitfury and other honest miners. But if it's needed,  Bitcoin is above all, and Bitfury surely understand it

Take your best shot @PoS,
We could always use a good laugh.

Rational people see BTC as a product , you guys drinking that bug spray see it as a religion.

Enjoy your cult, but it is only a product not a deity and as such, subject to the laws of economics.

Which if the transaction problems are not fixed shortly will crack your deity up side the head.
https://www.youtube.com/watch?v=IeHDnF7MU90


 Cool
sr. member
Activity: 243
Merit: 250
March 30, 2017, 02:08:12 AM
#3
You forgot    efficient remedy against malicious anti-btc miners and other Vermins

Or maybe Pos? but we don't want to harm Bitfury and other honest miners. But if it's needed,  Bitcoin is above all, and Bitfury surely understand it
legendary
Activity: 1092
Merit: 1000
March 30, 2017, 01:52:11 AM
#2
OK - we are now stuck on 36.8% and a bit less than that for Core.  So, there will be no fork and no change.  Blockstream wins. 

We need to make the rules such that the parties that don't vote, don't count.  It will be very hard to get over 50% when so many miners are not indicating SegWit or BU.  When throwing away the non-voters, we are presently at >51% for BU.  Enough for a fork today.



Hmm,
you can't disregard the non voters, if BTU tries to fork while they are under 55%,
Core will overwrite your asses so quick it will make your head swim,
because they will have their 30% and the NonVoters 27.7% for a total of 57.7 % more than enough to control the chain.

Sorry you need to convince BW pool to join you , that would add ~5% and then you only need 7 to 10% of the nonvoters to join BTU to attempt a fork.
Before that and the BTU Fork will be the weaker chain.
You are going to have to wait , if Core pushes a Segwit hard fork, then you should break away right before it activates , so BTU should use a hard coded checkpoint to block core forever if that is how everything plays out.

 Cool

legendary
Activity: 1596
Merit: 1026
March 29, 2017, 10:38:35 AM
#1
OK - we are now stuck on 36.8% and a bit less than that for Core.  So, there will be no fork and no change.  Blockstream wins. 

We need to make the rules such that the parties that don't vote, don't count.  It will be very hard to get over 50% when so many miners are not indicating SegWit or BU.  When throwing away the non-voters, we are presently at >51% for BU.  Enough for a fork today.
Pages:
Jump to: