Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Fork wars are déjà vu
by
nullius
on 10/02/2018, 00:34:16 UTC
⭐ Merited by LeGaulois (1)
I’ve been drafting a longer reply, now much delayed.  I appreciate the insightful discussion—and especially that “Bcash. LOL”.  LoyceV, are you trying to induce me to donate to TPB?  They deserve a tip just for that.

Yet important though it is to properly inform people about the scamforks of the present, my point in OP is that this has all happened before—well, most of it.  The attacks on Bitcoin are now far better organized and more sophisticated.  Also, as I said in OP, Bitcoin itself is much stronger.  “Compare-and-contrast” with scenarios of the past can give the perspective most newbies lack when seeing these controversies for the first time.

E.g., apropos hereof in another active thread, we find Greg Maxwell discussing the anti-Segwit “anyone can spend” disinformation:

We didn't see these same sorts of malicious FUD with P2SH though it was exactly the same-- I guess because back then felons hadn't figured out how to monetize that sort of confusion.

Oh no, P2SH in Bitcoin and Btrash betrays Satoshi’s vision and lets miners seize “anyone-can-spend” funds with a 51% attack!  I think we should fork Bitcoin from—what was the last version without P2SH?  Off the top of my head, v0.5?  How do you propose that we should purify the blockchain of all these horrible P2SH transactions?  Most importantly, what is a spiffy name for this fork?  “Bitcoin Devolution” has a nice ring to it, but I’m open to suggestions.  The real Bitcoin only allows payment to addresses which start with a “1” (or payments to IP addresses, which Satoshi also envisioned and had as a feature in early versions).

Well, anyway, the felons have learned.  So have long-time Bitcoiners.  Hey, Legendaries, what do you remember about “XT”, “Unlimited”, “BIP 100”, and various other wannabe coups?  How much of what happens now is just “same old, same old” to you?  You’ve got that perspective the newbies lack; please share it!