RE: BITCOIN SOFT FORK CHATTER
- I DO NOT THINK THERE WILL BE MOTIVATION TO ACTIVATE A SOFT FORK TO “IMPROVE SELF CUSTODY” UNLESS FEE RATES RISE SIGNIFICANTLY.
- A MINORITY SOFT FORK PUSHED THROUGH WITHOUT CLEAR CONSENSUS CAN BE QUITE DANGEROUS. COULD CAUSE AN UNINTENDED HARD FORK. MOST TECHNICAL PARTICIPANTS REALIZE THIS AND WOULD NOT TRY.
- BITCOIN STAKEHOLDERS ARE MORE DIVERSE THAN THEY HAVE EVER BEEN. PRETTY MUCH GUARANTEES ALL CURRENT PROPOSALS WOULD BE CONTENTIOUS.
- IN THIS ENVIRONMENT AND GOING FORWARD I ACTUALLY LEAN TOWARD RESPONSIBLE HARD FORKS WITH FAR OUT FLAG DAYS MEASURING IN YEARS OR DECADES, NOT MONTHS, AND REPLAY PROTECTION.
- A MINORITY CAN HARD FORK SAFELY. ANYONE CAN HARD FORK WITHOUT PERMISSION. IT IS OPT IN. NO FUNDS AT RISK.
- I DO NOT CURRENTLY SUPPORT ANY PROPOSALS. IF THERE WERE A FORK TODAY I WOULD NOT FOLLOW IT.
If it's really good it will get messed up. If it's marginally good it will confuse project managers who push things through. If it's dismally bad no one will use it.
Bitcoin is the best dirty shirt in the laundry.
#Bitcoin
#ForkingAround
#ForksAndGnosis
less focusing on hard forks/soft forks and more on the adoption.
ODELL be dropping bombs today, I see why he is popular here.
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I’m not ready for a change just now
What would be part of this potential change?
Is this fud to cool markets?
NOPE.
ALL IS GOOD.
STAY HUMBLE AND STACK SATS.
Will jack mallers and O'Dell's podcast be called "YoDell"
- Softforks can never cause hardforks.
- Hardforks rarely make sense, and don't in this context.
- Replay protection doesn't make sense for hardforks or softforks.
- Hardforks require unanimous consensus. A minority-supported hardfork is IMPOSSIBLE. Just look at failed attempts like BCH.
As saylor says- Do not change #bitcoin
It's perfect at the base layer!
Satoshi did a wonderful job 💯
aren't you years later lame about all caps and 100k
Wholeheartedly agree until there’s significant pain out there or imminent bug threat consensus on a soft fork will most likely not be found. A large diverse group of people have to see a direct need.
Money is 100% purely imaginary nobody gives a shit
All my imaginary money belongs to me
The innovation has to move off chain
Couldn't agree more--
"If it ain't broke, don't fix it"
How does one know... like, what would I see on the node to identify whether a fork is trying to get through?
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