Re: Bitmain announces plan to create altcoin if BIP148 succeeds

Long term holder and lurker here. Been in BTC since 2011 and I have been following the scaling debate closely for the past year.

I also realized that some of the Core devs weren't as trustworthy as I thought they were, and that some of them became so entrenched in their position that they failed to see the bigger picture and refused to even consider a compromise.

At this point I think it's best to look at what the code does, rather than who wrote it. Code that makes bitcoin work better should be adopted, compiled, and run, and code that doesn't should be ignored. Simple.

I think Bitmain has overstepped their domain a bit with UAHF. All they had to do was ignore the 148coin fools, and make sure they keep mining smoothly on August 1. I think Jihan got scared it could work so he announced his own counter-bluff.

Nobody is changing the POW for bitcoin - that's by definition an altcoin. Even Maxwell said that BIP148 is a "stupid way to create an altcoin". I suppose that UAHF is roughly equivalent.

i dont think so. I think UAHF is a great way to get bigger blocks. Good chance to hold the longest chain, and even if not, the chain will attract more economic activity in the long run than segshit and blockstream.

It really is hilarious how most people on the Internet just get so caught up with their preconceptions that they just make loud assumptions without backing them up with anything meaningful whatsoever. You've assumed that more people support one side than the other just because of what you think, rather than from any meaningful evidence, because you've separated "real people" from "those other people".

If it doesn't hold the longest chain, it's a BITMAIN-dominated chain and it's an outrage to decentralisation - if it does hold the longest chain eventually that would be interesting to me, but it doesn't seem likely at this point.

IMO this is a similar mentality that leads people to supporting BIP 148 even though the main justification that they gave for avoiding a hard fork was that it would cause a chain split.