Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
VeritasSapere
on 25/09/2015, 19:58:24 UTC
Unfortunately, the bitcoin community seems to have a total lack of leadership at present.  From reading many forum posts one might conclude that the bitcoin community is a foolocracy.  (The more conspiratorial inclined may chose to describe the situation as the result of an organized campaign by bitcoin's enemies.)
I am not a Bitcoin enemy but I think Bitcoin is losing its way in getting pushed around with this whole block size debate (that seems to be far more about politics and control rather than anything else).

Patience is the first thing I think those that actually believe in the invention should have - buying coffees for BTC might end up being the final result but it isn't what we should be caring about now.
This debate is about politics and control the sooner we can all come to realize this the sooner this debate will be resolved.
would you not agree that politics are not a sufficient reason for a hard protocol change? consensus may make bitcoin a bit of a dinosaur, but it is a critical security feature built into bitcoin. until a commit is supported by an extreme supermajority, consensus says no protocol change. that may be disappointing to some, but it is what keeps the blockchain safe to transact on. a fork based on politics is an excellent context for a civil war.

(why 75%? let's just do 51% and get on with it Tongue)
If you define politics as the the study or practice of the distribution of power, it has a very wide meaning in the definition. If the people want a civil war then a civil war it should become, if Bitcoin reflects the will of the economic majority. So hypothetically if there was a fifty fifty split then splitting Bitcoin in half would be justified in this case if the differences are fundamental enough. Which I do not think is the case presently with the blocksize debate, I think we should be able to find consensus and all agree on a blocksize increase at least, otherwise I am confident there will be a split. 51% is indeed enough to fork the network if the disagreement is fundamental enough to justify such an action. Part of the beauty of this solution within Bitcoin is that it does solve the problem of the tyranny of the majority.