Topic: What is UASF? (Read 1649 times)

UASF stands for User Activated Soft Fork. This is the mechanism by which the timing of activation of the software fork occurs on a certain date imposed by a full node, a concept sometimes referred to as the majority of economies.

UASF exists as a Git branch from Bitcoin Core 0.14, where it builds and compiles cleanly. The code has received a quick once-over by one of the Core devs, which found and fixed a logic mistake, but has not received substantial code review or analysis of how the code may interact with the Blockchain should it become active.

by that logic, I can claim I invented Bitcoin Unlimited since I said "why not let the miners decide" before it was "a thing", and Peter R. was reading my thread. 

Lol, you tune out most but then how do you decide which ones to reply to if you don't read them.

Your absorbing via osmosis because you want to tune out. That pretty much summarizes your level of conscious thought.

Yeah no prob bro. Lolz it.

lol.

no one cares.

Honestly i tune out most of your stuff because you have extreme views that don't make sense to me and you seem much more concerned with your own thoughts than anything else.  But its cool..we're all here for the lolz.
 

Except that I wrote about before you did and you posted in my thread where I wrote about it, so obviously you read it from me. But that's okay if you pretend you didn't. The most important outcome is that you learn.

 if you want to take credit for my post, go for it.

it doesnt take a genius to realize segwit isnt backwards compatible without miner support.
Its only because of the propaganda that some people think "oh soft fork , its so soft and fluffy"

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.

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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.

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But I wrote before that it is not clear if that 70% really exists. Jihan may be fooling you by signaling some of his hashrate to activate SegWit to lure you into a trap.

If you indeed have 70% or 60%, then you don't need a USAF, just lower the threshold. The reason to not to do that is because it is very risky. UASF helps nothing! Everything depends on hashrate.


I have another new theory for Jihan's motivation. He may want Charlie Lee to be more concrete about SegWit being the final protocol update. The last thing Jihan wants is another set of Core-like developers trying to create trouble. Charlie works for Coinbase (or DCG) and so he might be pressured to put stuff on Litecoin's protocol that favors the vested interests of his employers at the detriment of others.

Charlie needs to have a talk with Jihan asap.

@btcbug, I realized another factor on ETH in addition to those I stated in my prior post:

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@btcbug, more explanation of my prior comment about ETH...


I love how you insult me while asking me to explain what you don't know.  

"I am ignorant and you are an asshurl, but tell me what I don't know before you fuck off". Lol. Very persuasive.

Ahem. Ummmm. (Grabs chalkboard and prepares to writes some BIG LETTERS like ABCs for ADHD children)

Uhhh, can SHA256 ASICs on the scale owned by Bitmain be profitably repurposed to any other coin? No. Can GPUs be profitably repurposed from ETH/ETC to another coin or activity? Yes.

Can the supply of hashrate on Bitcoin be suddenly increased by 50% by renting hashrate? No, supply of ASICs is constrained. Can the supply of hashrate on ETH/ETC be suddenly increased by 50% by renting hashrate? Yes, GPUs are not constrained and GPUs from other coins can be incentivized to switch.

Miners on ETH/ETC have no vested interest. Vitalik will be kicking them out someday anyway. They can repurposed to the most profitable coin any time. So miners on ETH/ETC have no vested interest to enforce immutability. On Bitcoin they have huge vested interest to prevent retards from turning Bitcoin into a political clusterfuck or a BDFL such as Vitalik.

More saliently, Ethereum is a power-vacuum because miners have no vested interest. Thus Ethereum can only exist with a BDFL. This is why ETC was able to fork off.

Stop insulting me and respect the knowledge of those who are smarter and more widely studied than you are. Feel free to reason with me, but stop acting like childish nincompoops.

It's a sad attempt to bypass nakamoto consensus and trying to justify their stranglehold on the bitcoin network.   

Check my logic please...


(On Bitcoin at least) the majority of the mining hashrate will refuse to mine on blocks that chain on any SegWit enabled blocks. Thus you're soft fork will become a hard fork, else the users will accept defeat. If the users insist then they will be on fork with a minority of the hashrate. The smart money like myself (and especially whales) will sell coins on that illegal (democracy) fork and spend the money to buy more tokens on the legal (immutable) fork. Also the miners from majority fork can do difficulty attacks on the minority fork or even completely shut down all transactions on the minority fork.

UASF is nonsense. Hashrate and people buying and selling the forks is all that matters. Jihan doesn't give a fuck about noisy retards, and would love to take their money from them with the help all those coin holders and whales who understand that democracy would destroy blockchains.

Also soft forks turn into hard forks if there is contention. That is why soft forks don't activate without 75 - 95% hashrate support. The authors of UASF are retarded.

Lowering the activation threshold for soft fork of SegWit on Litecoin to say ~60% which is effectively what UASF would be, is very risky. Jihan may be hiding hashrate that can use to create a HF with (he might even be signaling SegWit secretly with some of his hardware in order to lure the UASF into overconfidence).

I think you can understand it here right now,  but why are they doing these UASF thing, Miners are imporrtant to SegWit, and with small miners, there will be lesser bitcoin to be mined. Are they trying to make miners fear them or like a incentive that they are not afraid of these miners? What is happening.

I thought this tweet was insightful:



In own my (biased) viewpoint, its Core trying to intimidate/play chicken with the miners.
They hope to show evidence of community support to influence the miners to signal
for it.  Now lets sit back and see if it works.    If it does not, I doubt they will risk
activating it.. they would simply be forking themselves off into a minority chain.

Not sure of a better way to describe it than what's already in the abstract


It's basically a SegWit enforcement. If it's not activated on a certain date, this would activate it.

https://bitflyer.jp/en/glossary/uasf

It is nonsense. Nodes are not hashrate. Can be defeated with a Sybil attack.

If the economic majority sells the original fork and buys the new fork, then it could work, but there is no way to be sure who will sell and buy which fork.

yes, I have read this but I still don't get it...what is this???

You can read about it here.

Uncertain Anonymous Soft Fork.

Guys, could somebody please explain me high-level what this "User Activated Soft Fork" is?

Highly appreciate an answer Thx