Oddbean new post about login | logout What are the sneakiest things that can be done to Bitcoin via softforks? Or another way to phrase it, which types of softforks are so powerful that they are almost like hardforks? I figure that the question could spark some interesting replies. An example is SegWit, which effectively increased the block size without technically increasing it. Another example would be some sort of increasing transaction tax on older UTXOs, where in order to move them one must pay an extra fee determined by how many blocks they have been dormant for. What else?
https://blockchair.com/bitcoin/charts/coindays-destroyed Why "discriminate"?
We should tax newer utxos 🤣
I know mining is a super competitive business but if they would have the courage to throw a curveball at the market and voluntarily offer a fork with a curtailed block reward schedule, it could quite possibly induce price hyperbitcoinization at this juncture (and they would shortly recoup any losses, and then some)
This guy seems to have the right kind of short term thinking to come up with a good answer to this question. https://image.nostr.build/656a1c6cadf1f36aa37aad8e30f8b22b8b9676533420e6e5dee828bcca94534c.jpg
I think the second soft work was already in place for some time until the good core peeps out invented pay to script hash. I can be full of shit though. I’m talking way beyond my pay grade xD
What about adding a denomination smaller than a Satoshi? (Militoshis?)
Any softfork that privileges or distinguishes miners from other nodes. IMO this is actually the main thing that’s objectionable about BIP300/301, not the concept of Drivechains in themselves Having a new type of message and payments that go to a miner “I want to start/merge-mine a drivechain” means you need to *know* who the miners are, and they need to handle the BMM in the coinbase tx. This is very different from all nodes equally and blindly passing transactions and blocks around to each other, not caring if the other end is a miner or not. To me, it is critically important that people can mine without being (easily) detected.
Probably some kind of bug, especially one that impacts confidence in the monetary assurances. An inflation bug that is complex and takes a long time to fix would be disastrous.
Taproot, it allows eth like products on Bitcoin like smart contracts, DAO's and more. Taproot is the next step after the LN.
You do know taproot already happened, right? And no, it doesn't allow that.
You can do pretty much anything. See this older article from Todd https://petertodd.org/2016/forced-soft-forks
Let's just say that the price of freedom is eternal vigilance and leave it at that.
The true price of freedom is your life. If you are not willing to give your life for it, someone will always be able to extort or control you simply by threatening your life. This is why I believe access to painless suicide should be basic a human right. If someone or some “government” is forcing you to do something, you should (obviously as a last resort) be able to protest by hitting an exit button. But the masters need slaves so this will never come to pass. #grownostr
Segwit explicitly increased the (total) block size limit. See https://github.com/bitcoin/bitcoin/blob/master/doc/release-notes/release-notes-0.13.1.md #segregated-witness-soft-fork What could have been done better to prevent so many people having a conception that this was in any way covert?
Miner reputation scores. Miners with a better reputation of balancing mined transactions of higher and lower fee’s earn a better reputation and therefore a better chance to win a block reward.
Anything that benefits Larry Fink and deters Johnny Pleb.
Why older addresses should be taxed higher? I don't see the logic here. Beauty of Bitcoin, imho, is that you pay same amount of transaction fees whether you move a quarter of it or 100. As well whether you move a decade old coins or freshly minted.
