Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
Peter Todd
on 25/03/2014, 02:27:26 UTC
Can somebody post some credible sources about the coiledcoin event? I currently mine via Eligius and would like to reconsider if this is being accurately portrayed.

More generally, I think pools should be a lot more aggressive about differentiating themselves politically, so small-time miners can 'vote' to support the kind of bitcoin we want. (Though I also understand Adam Back's point, that the miners aren't all that important in comparison to the 'political' clout of the people simply running a node, I still think there's some signal in supporting certain pools over others).

The credible source is Luke-Jr himself: https://bitcointalk.org/index.php?topic=56675.msg678006#msg678006

Personally I find it disgusting how he keeps on saying I'm "slandering" him to bringing up coiledcoin yet refuses to answer to his actions. I've got no personal issue myself with the Coiledcoin attack - it's a decentralized "might is right" system - but he sure seems to find it inconvenient that his own actions prove so clearly my point that merge-mining is dangerous and embedded consensus systems are a much safer design.