Post
Topic
Board Bitcoin Discussion
Re: Israeli Bitcoin Association Statement about Hashrate Attacks
by
jonald_fyookball
on 18/04/2017, 22:16:29 UTC

We believe that all these different currencies have a right to coexist peacefully and compete fairly. We oppose any attempt of supporters of one currency to inflict damage on a different currency, in a way which achieves no purpose other than denying others the right to use the currency of their choice.
  

Meni, I don't see you differentiating between stopping a minority chain temporarily while a network split is happening vs attacking an existing currency.   I could certainly make the argument that these are two very different things.  If the majority of the hashpower wants bigger blocks and wants to ensure we keep the bitcoin brand, why shouldn't we be allowed to do so?  That seems like fair to me.  If the minority wants to continue with 1mb blocks and chooses a different PoW algorithm and changes their name to something other than bitcoin, it can do that.  And I don't see anyone calling for attack at that point.  

And let's be honest about your bias:  You support bitcoinCore, which is just fine with 1mb blocks, so no action will suit them just fine.  Those that want bigger blocks or do not agree with core's roadmap or leadership are forced to do something else.