Post
Topic
Board Development & Technical Discussion
Re: Taproot proposal
by
PrimeNumber7
on 16/03/2021, 14:27:37 UTC

Then here we’ll have another governance problem, another stalemate. What if the economic majority/community/users/developers want an upgrade, but the miners hold the network hostage by not signalling for the upgrade? I believe the UASF proved that miners follow the full nodes that which creates a specific demand for the miner’s “product”. Blocks.
I would view a USAF change as contentious, and contentious changes should be avoided when possible.

I think it is best to attempt to get the miners to agree to an upgrade first, and depending on the feedback the miners give, a USAF change can be considered if the miners do not agree to a change. There is a big difference between a single miner with 10% of the network hashrate opposing a BIP, and a single pool with 5% of the network hashrate in favor of implementing a BIP. If it is the former, this is probably a miner holding the network hostage as you describe, and a USAF should be considered, while this is probably not the case for the latter.

It is very easy to fake economic activity and nodes. It is also difficult to tell if two people claiming to be two different people on the internet are actually two different people. What cannot be faked are found blocks. As I mentioned before, the miners have long-term incentives aligned with that of the long-term health of bitcoin.