Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
Zarathustra
on 12/11/2015, 11:06:21 UTC
I suspect XT has achieved exactly the effect "they" intended it to. I don't believe the real force behind the XT push ever intended or believed it would gain adoption.

Beat the price of BTC down, FUD and "divide & conquer", mission accomplished.

Except that, in respect of the divide and conquer aspect, I don't think they've accomplished anything. The vast majority of XT supporters are sock-puppet shill accounts, and there aren't that many of them. So for now, there is only the appearance of split community.

It is not a community. These are communist fantasies and fairytales. A community is a selfsufficient, nuclear, consensus ruled Dunbar community. A society (interacting with aliens) is not based on consensus, but on power/force/forks and supermajority decision making. A capitalist society is ruled by economic and political competition and the power behind it: banning, openness, censoring, liberalism, totalitarianism and all those duopolist forces and tactics that compete against each other.

Well, it depends on which capitalist ideology you subscribe to. Margaret Thatcher famously said "There is no such thing as society".

However, you're right to say that consensus doesn't govern, supermajority does. Who represents the supermajority opinion in the transaction scaling debate? It's not the BIP101/XT contingent, is it? Are you really going to try to pretend that even 51% of Bitcoiners support your views? You're in the fringe, and will remain there.

The views of the Bitcoiners are changing from time to time. My view is that the supermajority will decide to leave the 1MB cap behind next year and that Gavin and BIP101 triggered the turning tide:

It wasn't a mistake. Gavin did the right thing by exerting exit pressure (XT) rather than voice pressure (staying in Core), because having one monolithic implementation has already become Bitcoin's weak point. People think XT needs to reach 75% of mining power for it to succeed, but it doesn't. It just needs to hang over Core's head. Exit pressure is stronger than voice pressure, and it helps crack the centralization weak point of Core. Short term, we suffer some pain due to delayed blocksize increase, but long term we are spared greater pain by entering billion or trillion dollar market caps without the millstone of centralized development. (Noosterdam)

The core of the core devs will be forced to finally present one proposal instead of trying to prolong the stalemate by presenting several 'proposals'.