Re: USAF Economic Weight
Can anyone check the validity of my assertions so far?
Can BIP148 be cancelled?
Yes. In the event that the economic majority does not support BIP148, users should remove software that enforces BIP148. A flag day activation for SegWit would be the next logical steps and require coordination significant manipulation of the community, most likely towards the end of 2018.
Fixed it for them.
Well I believe you are correct that a chain split will indeed occur if the longest PoW chain
doesn't support segwit. The outputs from the new transaction types won't be recognized
by the legacy chain and therefore, any blocks mined with subsequent transactions using
those outputs may not validate. The 'backwards compatibility' of segwit only means your
wallet won't stop working just because you're not using the new transaction types, or
if you're a minority miner, you can still mine blocks with non segwit transactions,
but the block will always be on top of the longest chain.
The idea behind UASF is to persuade/influence/ miners to fork, but
the problem is that anything except hash power is relatively inexpensive
to spoof. So, this goes against the philosophy of Bitcoin PoW.
You guys are just regurgitating what you read from me
here,
here, and
here.
But that is good. At least you're learning.
Now you guys need to learn
this,
this, and
this.
You're making some progress but until you lose the itch to destroy yourselves by ganging up as a MOB, then you will continue to destroy yourselves.
The idea behind UASF is to persuade/influence/ miners to fork, but
the problem is that anything except hash power is relatively inexpensive
to spoof. So, this goes against the philosophy of Bitcoin PoW.
right, but get mostly everyone, bitfinex, stamps, bitpay etc. all supporting USAF, and its not ambiguous and the idea of "spoofing" is a non issue.
its not inconceivable that with a minority hashing power and a minority node count, a UASF
is successful and carries with it the BTC brand.
Nonsense. Just a lot more fools who can lose their money. The smart money will sell the USAF minority hashrate fork and buy the majority hashrate fork. Jihan might even temporarily mine on the USAF fork and lie-in-wait, so that the fools sell the legal fork and buy the illegal USAF forkoff, and the smart money will do the opposite. Then Jihan moves his hashrate onto the legal fork and bankrupts all the retards.
Sweet justice in the law of immutable protocol.