Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
knight22
on 30/08/2015, 03:39:51 UTC
The XTfork is dangerous as it turned a technical debate into a political one
Even worst, they have turned this debate into a divisive governance issue well outside of the actual block size problem.

This is a political problem and not a technical one. Bitcoin can not and should not be divorced from already previously existing political theory. These are fundamental questions of who is in charge of Bitcoin, and how do we, and how should we reach consensus decisions. This question is as important as the block size debate itself, this question is more political in nature then it is technical, which is why I think we need to compromise some of our technical ideals in favor of political goals.

Great insight on this point by Peter Todd:

https://twitter.com/petertoddbtc/status/634808169978462208



And what is the point of keeping the blockchain so decentralized it is not even useful for no one? Who will run a node of a useless blockchain? If most transactions are driven off chain, will transaction fees will be enough to ensure strong enough security? I seriously doubt it.