public inbox for bitcoindev@googlegroups.com
 help / color / mirror / Atom feed
From: Kate Salazar <mercedes.catherine.salazar@gmail.com>
To: Billy Tetrud <billy.tetrud@gmail.com>,
	 Bitcoin Protocol Discussion
	<bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Speedy Trial
Date: Wed, 23 Mar 2022 23:34:21 +0100	[thread overview]
Message-ID: <CAHiDt8BTy2O8GVzR1Zf=+j-gt3EDCVcZQNkVfOvspLzP_vZ--Q@mail.gmail.com> (raw)
In-Reply-To: <CAGpPWDaXxANMw64ePBJgOqwc2XqKcj3Y3ceydNz8Km4q+67V8A@mail.gmail.com>

Hey

On Sat, Mar 12, 2022 at 7:34 PM Billy Tetrud via bitcoin-dev
<bitcoin-dev@lists.linuxfoundation.org> wrote:
>
> >  If I find out I'm in the economic minority then I have little choice but to either accept the existence of the new rules or sell my Bitcoin
>
> I do worry about what I have called a "dumb majority soft fork". This is where, say, mainstream adoption has happened, some crisis of some magnitude happens that convinces a lot of people something needs to change now. Let's say it's another congestion period where fees spike for months. Getting into and out of lighting is hard and maybe even the security of lightning's security model is called into question because it would either take too long to get a transaction on chain or be too expensive. Panicy people might once again think something like "let's increase the block size to 1GB, then we'll never have this problem again". This could happen in a segwit-like soft fork.

Bitcoin has never been mainstream, and yet somehow you have known
where you needed to be, all the time. The same will apply then. This
is a non-issue.

>
> In a future where Bitcoin is the dominant world currency, it might not be unrealistic to imagine that an economic majority might not understand why such a thing would be so dangerous, or think the risk is low enough to be worth it. At that point, we in the economic minority would need a plan to hard fork away. One wouldn't necessarily need to sell all their majority fork Bitcoin, but they could.

Again, Bitcoin _is_ not an economic majority. Has never been. But
smart money always wins. This is a non-issue.

If one doesn't know where to be, there's the option to defer choices.
I was a big blocker myself, and yet I'm fairly OK even after being so
wrong. Even if forced to choose because of evil deadlines (which is
really unlikely), a divide strategy should be helpful enough to cut
losses in those cases.

>
> That minority fork would of course need some mining power. How much? I don't know, but we should think about how small of a minority chain we could imagine might be worth saving. Is 5% enough? 1%? How long would the chain stall if hash power dropped to 1%?
>
> TBH I give the world a ~50% chance that something like this happens in the next 100 years. Maybe Bitcoin will ossify and we'll lose all the people that had deep knowledge on these kinds of things because almost no one's actively working on it. Maybe the crisis will be too much for people to remain rational and think long term. Who knows? But I think that at some point it will become dangerous if there isn't a well discussed well vetted plan for what to do in such a scenario. Maybe we can think about that 10 years from now, but we probably shouldn't wait much longer than that. And maybe it's as simple as: tweak the difficulty recalculation and then just release a soft fork aware Bitcoin version that rejects the new rules or rejects a specific existing post-soft-fork block. Would it be that simple?

Maybe this is worth thinking about, but really, there'll always be
smart enough people around. However
dumb people sometimes are not as dangerous as we think, and
smart people sometimes are not as flawless as we desire to take for granted.

>
> On Sat, Mar 12, 2022, 07:35 Russell O'Connor via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> wrote:
>>
>> On Fri, Mar 11, 2022 at 9:03 AM Jorge Timón <jtimon@jtimon.cc> wrote:
>>>
>>>
>>>> A major contender to the Speedy Trial design at the time was to mandate eventual forced signalling, championed by luke-jr.  It turns out that, at the time of that proposal, a large amount of hash power simply did not have the firmware required to support signalling.  That activation proposal never got broad consensus, and rightly so, because in retrospect we see that the design might have risked knocking a significant fraction of mining power offline if it had been deployed.  Imagine if the firmware couldn't be quickly updated or imagine if the problem had been hardware related.
>>>>>
>>>>>
>>>>> Yes, I like this solution too, with a little caveat: an easy mechanism for users to actively oppose a proposal.
>>>>> Luke alao talked about this.
>>>>> If users oppose, they should use activation as a trigger to fork out of the network by invalidating the block that produces activation.
>>>>> The bad scenario here is that miners want to deploy something but users don't want to.
>>>>> "But that may lead to a fork". Yeah, I know.
>>>>> I hope imagining a scenario in which developers propose something that most miners accept but some users reject is not taboo.
>>>>
>>>>
>>>> This topic is not taboo.
>>>>
>>>> There are a couple of ways of opting out of taproot.  Firstly, users can just not use taproot.  Secondly, users can choose to not enforce taproot either by running an older version of Bitcoin Core or otherwise forking the source code.  Thirdly, if some users insist on a chain where taproot is "not activated", they can always softk-fork in their own rule that disallows the version bits that complete the Speedy Trial activation sequence, or alternatively soft-fork in a rule to make spending from (or to) taproot addresses illegal.
>>>
>>>
>>> Since it's about activation in general and not about taproot specifically, your third point is the one that applies.
>>> Users could have coordinated to have "activation x" never activated in their chains if they simply make a rule that activating a given proposal (with bip8) is forbidden in their chain.
>>> But coordination requires time.
>>
>>
>> A mechanism of soft-forking against activation exists.  What more do you want? Are we supposed to write the code on behalf of this hypothetical group of users who may or may not exist for them just so that they can have a node that remains stalled on Speedy Trial lockin?  That simply isn't reasonable, but if you think it is, I invite you to create such a fork.
>>
>>>
>>> Please, try to imagine an example for an activation that you wouldn't like yourself. Imagine it gets proposed and you, as a user, want to resist it.
>>
>>
>> If I believe I'm in the economic majority then I'll just refuse to upgrade my node, which was option 2. I don't know why you dismissed it.
>>
>> Not much can prevent a miner cartel from enforcing rules that users don't want other than hard forking a replacement POW.  There is no effective difference between some developers releasing a malicious soft-fork of Bitcoin and the miners releasing a malicious version themselves.  And when the miner cartel forms, they aren't necessarily going to be polite enough to give a transparent signal of their new rules.  However, without the economic majority enforcing their set of rules, the cartel continuously risks falling apart from the temptation of transaction fees of the censored transactions.
>>
>> On the other hand, If I find out I'm in the economic minority then I have little choice but to either accept the existence of the new rules or sell my Bitcoin.  Look, you cannot have the perfect system of money all by your lonesome self.  Money doesn't have economic value if no one else wants to trade you for it.  Just ask that poor user who YOLO'd his own taproot activation in advance all by themselves.  I'm sure they think they've got just the perfect money system, with taproot early and everything.  But now their node is stuck at block 692261 and hasn't made progress since.  No doubt they are hunkered down for the long term, absolutely committed to their fork and just waiting for the rest of the world to come around to how much better their version of Bitcoin is than the rest of us.
>>
>> Even though you've dismissed it, one of the considerations of taproot was that it is opt-in for users to use the functionality.  Future soft-forks ought to have the same considerations to the extent possible.
>> _______________________________________________
>> bitcoin-dev mailing list
>> bitcoin-dev@lists.linuxfoundation.org
>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev


  parent reply	other threads:[~2022-03-23 22:34 UTC|newest]

Thread overview: 53+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2022-03-11  0:12 [bitcoin-dev] Speedy Trial Russell O'Connor
2022-03-11  0:28 ` Luke Dashjr
2022-03-11  5:41   ` Billy Tetrud
2022-03-11 12:19 ` Jorge Timón
2022-03-11 13:47   ` Russell O'Connor
2022-03-11 14:04     ` Jorge Timón
2022-03-12 13:34       ` Russell O'Connor
2022-03-12 17:52         ` Billy Tetrud
2022-03-17 12:18           ` Jorge Timón
2022-03-23 22:34           ` Kate Salazar [this message]
2022-03-15 17:21         ` Jeremy Rubin
2022-03-17  4:17           ` Billy Tetrud
2022-03-18 18:36           ` Jorge Timón
2022-03-17 12:08         ` Jorge Timón
2022-03-17 15:38           ` Billy Tetrud
2022-03-18 23:01             ` ZmnSCPxj
2022-03-21  3:41               ` Billy Tetrud
2022-03-21 15:56                 ` vjudeu
2022-03-22 15:19                   ` Billy Tetrud
2022-03-22 15:45                     ` Eric Voskuil
2022-03-22 16:37                     ` vjudeu
2022-03-19 16:43             ` vjudeu
2022-03-15 15:45       ` Anthony Towns
2022-03-17 14:04         ` Jorge Timón
2022-03-22 23:49           ` Anthony Towns
2022-03-24 18:30             ` Jorge Timón
2022-03-26  1:45               ` Anthony Towns
2022-03-28  8:31                 ` Jorge Timón
2022-03-30  4:21                   ` Anthony Towns
2022-04-08  9:58                     ` Jorge Timón
2022-04-11 13:05                       ` Anthony Towns
2022-04-24 11:13                         ` Jorge Timón
2022-04-24 12:14                           ` Anthony Towns
2022-04-24 12:44                             ` Jorge Timón
2022-04-25 16:11                               ` Keagan McClelland
2022-04-25 17:00                                 ` Anthony Towns
2022-04-25 17:26                                   ` Keagan McClelland
2022-04-26  5:42                                     ` Anthony Towns
2022-04-26 13:05                                       ` Erik Aronesty
2022-04-27  2:35                                         ` Billy Tetrud
2022-03-11 16:26     ` Billy Tetrud
2022-03-17 11:32       ` Jorge Timón
2022-03-11 11:14 pushd
2022-03-12 17:11 pushd
2022-03-17 14:34 pushd
2022-03-26 12:59 pushd
2022-03-30 10:34 pushd
2022-03-30 20:10 ` Billy Tetrud
2022-03-30 21:14   ` pushd
2022-03-31  4:31     ` Billy Tetrud
2022-03-31 14:19       ` pushd
2022-03-31 15:34         ` Billy Tetrud
2022-03-31 15:55           ` pushd

Reply instructions:

You may reply publicly to this message via plain-text email
using any one of the following methods:

* Save the following mbox file, import it into your mail client,
  and reply-to-all from there: mbox

  Avoid top-posting and favor interleaved quoting:
  https://en.wikipedia.org/wiki/Posting_style#Interleaved_style

* Reply using the --to, --cc, and --in-reply-to
  switches of git-send-email(1):

  git send-email \
    --in-reply-to='CAHiDt8BTy2O8GVzR1Zf=+j-gt3EDCVcZQNkVfOvspLzP_vZ--Q@mail.gmail.com' \
    --to=mercedes.catherine.salazar@gmail.com \
    --cc=billy.tetrud@gmail.com \
    --cc=bitcoin-dev@lists.linuxfoundation.org \
    /path/to/YOUR_REPLY

  https://kernel.org/pub/software/scm/git/docs/git-send-email.html

* If your mail client supports setting the In-Reply-To header
  via mailto: links, try the mailto: link
Be sure your reply has a Subject: header at the top and a blank line before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox