Post
Topic
Board Bitcoin Discussion
Re: The Barry Silbert segwit2x agreement with >80% miner support.
by
Variogam
on 22/06/2017, 16:28:09 UTC
the hong kong/ late 2015 consensus round table meetings  funded and sponsored by barry silbert.. is the same 'agreement' as segwit2x
but atleast there is some code available.

now we just have to see if we can get nodes to download it (once its finalised and reviewed for RC) to then get a NODE consensus... for pools to have confidence that if they made such blocks.. the nodes wont still be running old code to reject blocks bigger than (1*1000*1000).

what people seem to forget is its not simply about waving a flag in a block.. its about consensus of nodes actually running code rules that allow bigger base blocks and consensus of pools creating bigger base blocks.


at this moment the empty sybil flag waving will just cause segwit to activate, but no guarantee of base blocks over (1*1000*1000) being accepted because from bitnodes stats, it shows no one is actually running the segwit2x (btc1) codebase to enforce it


You talk about importance of node numbers enforcing certain rules not for the first time, but how you know what nodes are economicaly important and what are basically worthless? Or you really believe 1 node = 1 vote Huh

The only support/acceptance I find reliable is the statements from companies, and there seem enought SegWit2x support/acceptance from the important companies to guarantee 2MB. The only question remains whether there going to be split if 1MB gets enough holdout support.