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From: Andrew LeCody <andrewlecody@gmail.com>
To: muyuubyou <muyuubyou@gmail.com>, bitcoin-dev@lists.linuxfoundation.org
Subject: Re: [bitcoin-dev] Bitcoin XT 0.11A
Date: Sun, 16 Aug 2015 18:37:34 +0000	[thread overview]
Message-ID: <CAEX2NSc9Q5_VqV3JneKxsQAgymMt4CsgS5x+xnrsmyVZ+JragA@mail.gmail.com> (raw)
In-Reply-To: <CADWuND3EfO6YO3g4H09_mWhrHC4PX4SZpTTuETiX2PyCxSRCsQ@mail.gmail.com>

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> PS: I consider this attempt at takeover about as foul as it gets. The
equivalent of repeating a referendum until a yes is obtained: the
reasonable reaction to this is actively blocking said "referendum". There
was a fair play alternative which is voting through coinbase scriptSig like
plain 8MBers are doing, or like BIP 100 proposes for dynamic adjustment.
Once a majority is obtained in this way, devs have to react or if they
don't then this sort of foul play would be justified. But this wasn't the
case.

I fail to see how voting with version numbers is different than voting with
coinbase scriptSig. Other than the fact that the voting XT is doing is
formally defined instead of ad-hoc.

On Sat, Aug 15, 2015 at 5:40 PM muyuubyou via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> I posted this to /r/BitcoinMarkets but I thought I might post it here as
> well.
>
> ---
> Currently 0 mined blocks have voted for XT.
>
> If it ever gets close to even 50%, many things can happen that would
> reshape the game completely.
>
> For instance:
>
> - Core could start boycotting XT by not relying to them and/or not relying
> from them.
>
> - Core could appropriate the version string of XT, making it impossible to
> know how much they are progressing and a losing bet to actually execute the
> fork.
>
> This kind of node war if the factions were sizeable would make it very
> risky to transact at all - balances in new addresses could end up
> vanishing. Usability of the system would plummet.
>
> Note that any disagreement between the network and the biggest economic
> actors - mainly the exchanges at this point, "wallet services" maybe -
> would mean BTC plummets. Hard. And so would confidence.
>
> It's a risky game to play.
> ---
>
> PS: I consider this attempt at takeover about as foul as it gets. The
> equivalent of repeating a referendum until a yes is obtained: the
> reasonable reaction to this is actively blocking said "referendum". There
> was a fair play alternative which is voting through coinbase scriptSig like
> plain 8MBers are doing, or like BIP 100 proposes for dynamic adjustment.
> Once a majority is obtained in this way, devs have to react or if they
> don't then this sort of foul play would be justified. But this wasn't the
> case.
>
> -----
> 為せば成る
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>

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  reply	other threads:[~2015-08-16 18:37 UTC|newest]

Thread overview: 47+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2015-08-15 22:39 [bitcoin-dev] Bitcoin XT 0.11A muyuubyou
2015-08-16 18:37 ` Andrew LeCody [this message]
2015-08-16 23:02 ` Cameron Garnham
2015-08-16 23:22   ` Andrew LeCody
2015-08-17  0:03     ` Cameron Garnham
2015-08-17  6:42       ` Peter Todd
2015-08-17 12:29         ` Andrew LeCody
2015-08-17 12:33           ` Eric Lombrozo
2015-08-19 10:09             ` Jorge Timón
2015-08-19 15:41               ` s7r
2015-08-19 22:28                 ` Jorge Timón
2015-08-19 22:45                   ` Adam Back
2015-08-19 23:23                     ` Peter Todd
2015-08-20 10:25                   ` s7r
2015-08-20 11:32                     ` Milly Bitcoin
2015-08-20 11:46                       ` Hector Chu
2015-08-20 12:29                         ` Milly Bitcoin
2015-08-20 14:25                           ` Tamas Blummer
2015-08-17 21:42     ` Matt Corallo
  -- strict thread matches above, loose matches on Subject: below --
2015-08-16  2:08 muyuubyou
2015-08-15 17:02 Mike Hearn
2015-08-15 17:57 ` s7r
2015-08-15 18:38 ` s7r
2015-08-15 19:21   ` Mike Hearn
2015-08-15 20:36     ` Milly Bitcoin
2015-08-15 20:47       ` Bryan Bishop
2015-08-15 21:10         ` Milly Bitcoin
2015-08-15 20:55       ` Micha Bailey
2015-08-15 21:32 ` Eric Lombrozo
2015-08-15 22:01   ` Ken Friece
2015-08-15 22:16     ` Eric Lombrozo
2015-08-15 22:27       ` Angel Leon
2015-08-15 22:28       ` Ken Friece
2015-08-15 22:55         ` Mark Friedenbach
2015-08-15 23:04           ` Ken Friece
2015-08-15 23:07             ` Eric Lombrozo
2015-08-15 23:30               ` Michael Naber
2015-08-15 23:40               ` Mark Friedenbach
2015-08-15 23:57                 ` Ken Friece
2015-08-16  0:06                 ` Milly Bitcoin
2015-08-16 13:49   ` Mike Hearn
2015-08-16 15:44     ` Anthony Towns
2015-08-16 16:07     ` Tamas Blummer
2015-08-16 16:12       ` Levin Keller
2015-08-16 17:01       ` Adam Back
2015-08-16 18:15         ` Tamas Blummer
2015-08-16 20:27 ` Eric Voskuil

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