Post
Topic
Board Bitcoin Discussion
Re: Bitmain announces plan to create altcoin if BIP148 succeeds
by
classicsucks
on 19/06/2017, 20:17:48 UTC
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.



Hmm well if UAHF happened and magically we got bigger blocks without much pain, I would be fine with it. Given the tension building for August 1, I don't think UAHF is the best way forward. It's too rushed, and an unnecessary challenge to UASF. Then again, if they can get the code together before August 1, maybe UASF is a perfect excuse to ram through a bigger blocks hard fork.

Obviously lukejr and his minions no longer have any qualms about hard forking and/or possibly wrecking bitcoin, so maybe that's how things will happen going forward...

I haven't had time to thoroughly analyze the proposals, but my opinion is that everybody is bluffing, and no protocol changes will get forced onto the network.