Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Denker
on 22/05/2017, 08:43:55 UTC
So is it an attempt to stop the User activated fork getting traction ?

Probably yes.Very suspicious!
Read the following link.

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-May/014360.html

Quote
To be clear, the proposal as far as I can see does not activate BIP141, but is a completely new deployment which would be incompatible with the BIP141 deployment. I'm not sure how that can be considered "immediate" activation. Surely immediate activation would just be for miners to start signalling and segwit would be activated in 4-5 weeks. The proposal seems to require a lower 80% threshold, I assume because they were unable to convince 95% of the hashpower to go trigger activation.

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I think the Barry Silbert agreement is very ill considered, and clearly lacking peer review from the technical community. Suggestions of a HF in 4 months are completely unrealistic and without technical merits. But more importantly, closed door agreements between selected participants is not how to garner consensus to change a $30bn decentralized system. The purpose of my email is to try and assist in the "immediate activation of segwit" which only requires hashrate to participate; and to provide some techincal input since I have done a great deal of research and development into the topic.