spacestr

đź”” This profile hasn't been claimed yet. If this is your Nostr profile, you can claim it.

Edit
1dullgeek
Member since: 2023-02-25
1dullgeek
1dullgeek 2h

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-dictatorship-of-the-small-minority-3f1f83ce4e15 https://fountain.fm/episode/SrnH7P2j6W6Nf04kFnFb

Welcome to 1dullgeek spacestr profile!

About Me

Christian, Geek, #GoPackGo, #Bitcoin, Pilot Anarcho Christian? Maybe Happily Married 30+years

Interests

  • No interests listed.

Videos

Music

My store is coming soon!

Friends