Geek

This is an overly terse follow-up from my previous cut off boost. Whichever way BIP110 is eventually resolved, the risk of a minority forcing their opinion on Bitcoin doesn’t change. Consider: that risk exists today. It’s what BIP110 is trying to exploit. The opposition to BIP110 is to not change anything. If nothing changes then that risk still has to exist. Meanwhile I continue to run BIP110 because I think it does mitigate some risks to Bitcoin (although not that one). We can quibble about how big those risks are. I said earlier that this is a function of Nakamoto consensus. It’s actually a function of complex systems. Taleb wrote about this 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/Oz8GZDAxHzqozajATIMf 📝 3d5f64f8…

Testing

This is compelling. Making me rethink my running bip110. One thing that's refreshing: this note is talking about the problem rather than questioning the intention of the people. If living under a government has taught us anything it's that intentions rarely match outcomes. So it's nice that this note only talks about the problem without impugning the people. 📝 e36f2844…

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…