Post
Topic
Board Bitcoin Discussion
Re: November real test for Bitcoin ?
by
deisik
on 01/09/2017, 09:31:03 UTC
Been in bitcoin for years. Each time there is an improvement in protocols there will always be FUD. But it will be good to look above the technical issues and see the basis of how bitcoin works: a community that supports the development and use of bitcoin. And as long as they support and sustain btc, it doesn't matter how many hardforks occur.

Here's the problem. Core developers (most Bitcoin developers) don't see it as an improvement, and actively oppose the fork. So, if the Segwit2x team and the miners/businesses backing them really move forward with the fork, then the FUD is warranted.

This isn't like a soft fork where a simple majority of miners can prevent a split from occurring. A hard fork "upgrade" requires that every user installs new software and joins a new network. That means a split is guaranteed already. Add the fact that Core and many BTC users don't support Segwit2x? Get your popcorn ready.

But now we have Bitcoin Cash

So what's the purpose of the NY agreement conspirators forking Bitcoin (again) provided there is no consensus between them and the Bitcoin Core team (which seems to be the case)?

There is also no consensus to support Bitcoin Cash's 8MB block size (without Segwit). The NYA signatories never agreed to it and never indicated any support for it -- except Bitmain via proxies like ViaBTC. So why would you assume that it could act as a substitute for the Segwit2x fork?

I tend to disagree with your view

Basically, the signees of the NY agreement concurred to activate SegWit as a sort of trade-off in order to persuade the Bitcoin Core team to accept the Large Blocks proposal and change the code of the regular Bitcoin client (i.e. Bitcoin-Core) to support this proposal. Therefore, they don't need SegWit as such, at least, not so much as they need Large Blocks. Otherwise, the whole agreement makes no particular sense. But now, with Bitcoin Cash hanging around, the whole idea behind the NY conspiracy seems to have lost its meaning. It could be said that with the August split the miners shot themselves right in the foot