The reason BIP110 failed is that we naively believed consensus was supposed to be gathered out in the open, at the network level: nodes signal support or rejection, and miners follow based on the broader agreement.
The broader agreement at the NETWORK LEVEL was 20% in favour, 80% abstaining, and 0% against. Then a bunch of suits lobbied behind closed doors and convinced a few large, regulated entities to ignore something that should have been accepted in the absence of any NETWORK-level objection.
If that’s how consensus is going to be formed from now on, Bitcoin is a failed project.
This has nothing to do with some tactical errors on our side, or with whatever arbitrary percentage of support someone decides is required before they can dismiss it as a Sybil attack. The rest of your post reads like you’re mildly offended by something I’ve said, and I’m not going to apologise for my opinion. You can keep calling us brainwashed by Luke or Monero-level retarded. We don’t care.
To us, it’s obvious that Bitcoin-SHA256 is heading straight towards a cliff, and the brakes aren’t working anymore. So we’re doing the only sensible thing left: jumping out of the vehicle before it goes over the edge.
Yeah, we’ll suffer serious injuries in the process. We didn’t want to do this. It sets us back years and puts us way behind. But we see no other choice.
I respect that you’re willing to do something about spam. But simply talking about it isn’t changing anything. We acted, we got beaten, but we’re not abandoning the fight.
What exactly are you going to fight for in this Poolcoin? And with whom at your side?
The direction of development is clear now. The attackers are emboldened, and you have no technical means to beat them at their rigged fiat game. They can commit essentially unlimited amounts of money to bail out a few pools and shield them from any NETWORK-level attempt to bring them into line.
If you have the numbers, they’ll call it a Sybil attack. If you have the support of businesses, they’ll call it a social attack.
I take that lesson with humility. You still haven’t accepted how bad things actually are.
I hope you do before it’s too late.
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Replies (3)
So what's the solution?
Surely nodes are powerless?
>”The broader agreement at the NETWORK LEVEL was 20% in favour, 80% abstaining, and 0% against.”
Right.
That’s not consensus.
That’s 20% of the network wanting a change and 4/5 of noderunners not being convinced they want to go along with it even though there was no strong opposition.
>”If that’s how consensus is going to be formed from now on, Bitcoin is a failed project.”
Consensus hasn’t changed. What changed is your definition of it in which apparently 20% of the network wanting something is consensus, despite the fact that was never deemed consensus by any definition prior to the failure of BIP110.
>”This has nothing to do with some tactical errors on our side”
Delusional. BIP110 proponents put an arbitrary line in the sand for the blockheight signalling and did not convince 80% of the network to ACT on their approach.
For the BIP to gain consensus it needed to be acted upon, noderunners abstaining was acting AGAINST, and this was clear to everyone who did not run an RDTS node, and why it was understood by everyone except for the BIP110 crowd that this was going nowhere.
To say it has nothing to do with tactical errors of your own crew is simply retarded.
>”The direction of development is clear now. The attackers are emboldened” - yeah thankyou for emboldening them. That was YOUR doing. If they were going to be battled they needed to be defeated, and you guys fucked that up.
This is playing out exactly as BCash did - blame everyone who didn’t agree with you, accept no fault, don’t acknowledge anything you got wrong, point the finger at the suits, fork yourself off into obscurity so you can claim moral superiority when the reality is you’re heading off into obscurity and essentially your ultimate goal of separating money and state is nixed because you’ll never be on the winning network.
Just so so dumb and shortsighted.