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authorjl2012 <jl2012@xbt.hk>2015-07-23 05:39:20 +0000
committerbitcoindev <bitcoindev@gnusha.org>2015-07-23 05:39:22 +0000
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parentec07e26e45ff91c58c2b430ceaf7f5b8cc9ddeba (diff)
downloadpi-bitcoindev-662b3213449d37150400be4e25c59f2b14a108ac.tar.gz
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Re: [bitcoin-dev] BIP 102 - kick the can down the road to 2MB
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+Subject: Re: [bitcoin-dev] BIP 102 - kick the can down the road to 2MB
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+Quoting Peter Todd via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org>:
+
+> -----BEGIN PGP SIGNED MESSAGE-----
+> Hash: SHA256
+>
+> Sorry, but I think you need to re-read my first message. What you've
+> written below has nothing to do with what I actually said re: how
+> you're BIP102 and associated pull-req doesn't measure miner consensus.
+>
+>
+
+I think I have already answered this with my previous mail. If there
+is consensus among major exchanges and merchants, the preference of
+miners are not particularly relevant. A checkpoint could be
+implemented in a decentralized way to make sure miners of the original
+chain won't be able to overtake the new chain.
+
+Bitcoin has no intrinsic value. Bitcoin has value because people are
+willing to exchange it with something really valuable (e.g. a pizza;
+or USD which could buy a pizza). If most bitcoin-accepting business
+agree to follow BIP102 and ONLY BIP102, then BIP102 is THE Bitcoin,
+and the original chain is just a dSHA256 alt-coin which one can't even
+merge mine with BIP102. Switching to BIP102 is the only economically
+viable choice for miners.
+
+Having said that, a miner voting may still be useful. It is just to
+make sure enough miners are ready for the change, instead of measuring
+their consensus. For example, the new rule will be implemented 1) 1
+week after 70% of miners are ready; or 2) on 1 Feb 2016, whichever
+happens first.
+
+For SPV wallets, they have to strengthen their security model after
+the BIP66 fork, anyway. They should be able to identify potential
+consensus fork in the network and stop accepting incoming txs when it
+is in doubt. My "version 0 flag block" proposal could be a good
+generic way to indicate a hardfork to SPV wallets. (see my previous
+email on this topic)
+
+