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Date: Fri, 18 Feb 2022 18:41:02 -0500
From: Peter Todd <pete@petertodd.org>
To: Prayank <prayank@tutanota.de>
Message-ID: <YhAujmus3z69cUl7@petertodd.org>
References: <MtetoOZ--3-2@tutanota.de>
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Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Stumbling into a contentious soft fork activation
attempt
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On Tue, Jan 18, 2022 at 02:57:30AM +0100, Prayank wrote:
> Hi Peter,
>=20
> > that current lacks compelling use-cases clearly beneficial to all users
>=20
> All the use cases shared in below links look compelling enough to me and =
we can do anything that a programmer could think of using such restrictions:
>=20
> https://utxos.org/uses/
>=20
> https://rubin.io/archive/
Again, what I said was "compelling use-cases _clearly_ beneficial to _all_
users", not just a small subset. I neither think the use-cases in those lin=
ks
are clearly compelling in the current form, and they of course, don't benef=
it
all users. Indeed, the Drivechains use-case arguably *harms* all users, as
Drivechains is arguably harmful to the security of Bitcoin as a whole.
Similarly, the various new uses for on-chain transactions mentioned as a
use-case arguably harms all existing users by competing for scarce blockcha=
in
space - note how ETH has quite high on chain fees for basic transactions,
because there are so many use-cases where the per-tx value can afford much
higher fees. That kind of expansion of use-case also arguably harms Bitcoin=
as
a whole by providing more fuel for a future contentious blocksize debate.
Bitcoin is an almost $1 trillion dollar system. We have to very carefully w=
eigh
the benefits of making core consensus changes to that system against the ri=
sks.
Both for each proposal in isolation, as well as the precedent making that
change sets.
--=20
https://petertodd.org 'peter'[:-1]@petertodd.org
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