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Geek26d ago
I am running BIP110. And you made an argument against it that made me reconsider. The argument was that BIP110 changes Bitcoin because it allows a minority to force their opinion on the majority. After thinking about it, I do not come to the same conclusion. I don’t think that BIP110 changes anything with respect to this risk. And opposing BIP110 doesn't mitigate that risk. This is a feature of Nakamoto consensus that exists today and will continue to exist regardless of which way BIP110 is resolved. If this risk didn’t already exist today, BIP110 couldn’t leverage it. There are two ways (that I’m aware of) to reject BIP110: 1. Almost all miners refuse to mine BIP110 blocks 2. Those opposing BIP110 exercise a URSF: user rejected soft fork. This effectively splits the chain. If BIP110 is rejected, those will remain the only ways to reject a different minority driven soft fork in Bitcoin. Heck if BIP110 becomes the only type of blocks that miners mine, those will also remain the only ways to reject a different minority driven soft fork in Bitcoin. So opposing BIP110 doesn't mitigate the risk that a minority can control the direction in Bitcoin. That will continue to exist regardless of which side wins. So I’m going to continue to run BIP110 because I think it does mitigate some significant risks for Bitcoin. But I’m willing to have my mind changed. BTW Intransigent minorities are a feature of complex systems not just Bitcoin. Taleb wrote about them in his book Skin in the Game. Here's the relevant chapter discussing it: https://medium.com/incerto/the-most-intolerant-wins-the-d… https://fountain.fm/episode/SrnH7P2j6W6Nf04kFnFb 📝 87f4e206…
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Clarkian26d ago
100% this. So much of the debate around this has been retarded. So much FUD. I've been tracking from the beggining and on vibes/behavior alone I side with running BIP-110, though the technicals are all good too. What I've seen people say about the BIP vs what I've read in the actual proposal just doesn't line up. BitcoinMechanic has some of the most honest, accommodating and generous takes, imo, on his YouTube channel. Not to mention the discussions he's had on Bitcoin Audible Roundtable with other people that aren't fully onboard.
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Geek24d ago
I just heard @04c915da…3dfbecc9 describe the risk of a reorg from BIP110. And this is a compelling argument opposing BIP110. I am interested in rational responses that assume the good faith of the side they disagree with. What response from BIP110 supporters of this risk? @74ffc51c…1d6d1856 @fdd5e8f6…a73464a7
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