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Date: Sun, 27 Jun 2021 14:01:27 +0200 (CEST)
From: Prayank <prayank@tutanota.de>
To: eric@voskuil.org
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Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Trinary Version Signaling for softfork
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Hello Eric,
I have few questions:
>=C2=A0Without majority hash power support, activation simply means you are=
off on a chain split.=20
So majority hash power not following the consensus rules can result in chai=
n split? Why would majority of miners decide to mine a chain that nobody wa=
nts to use? What are different things possible in this case based on game t=
heory?=C2=A0
>=C2=A0And activation without majority hash power certainly does not =E2=80=
=9Censure=E2=80=9D this.
Do miners and mining pools participate in discussions before signaling for =
a soft fork begins? Can they still mine something else post activation even=
if signaling readiness for soft fork?=C2=A0
>=C2=A0If one wants to enforce a soft fork (or otherwise censor) this is ac=
complished by mining (or paying others to do so). Anyone can mine, so every=
one gets a say. Mining is trading capital now for more later. If enough peo=
ple want to do that, they can enforce a soft fork. It=E2=80=99s time Bitcoi=
ners stop thinking of miners as other people. Anyone can mine, and that=E2=
=80=99s your vote.
Who enforces consensus rules technically in Bitcoin? Full nodes or Miners?
Is soft fork signaling same as voting?
According to my understanding, miners follow the consensus rules enforced b=
y full nodes and get (subsidy + fees) for their work. Signaling is not voti=
ng although lot of people consider it voting including some mining pools an=
d exchanges.
--=20
Prayank
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<meta http-equiv=3D"content-type" content=3D"text/html; charset=3DUTF-8=
">
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<body>
<div>Hello Eric,</div><div dir=3D"auto"><br></div><div dir=3D"auto">I have =
few questions:<br></div><div dir=3D"auto"><br></div><div dir=3D"auto">>&=
nbsp;Without majority hash power support, activation simply means you are o=
ff on a chain split. <br></div><div dir=3D"auto"><br></div><div dir=3D"auto=
">So majority hash power not following the consensus rules can result in ch=
ain split? Why would majority of miners decide to mine a chain that nobody =
wants to use? What are different things possible in this case based on game=
theory? <br></div><div dir=3D"auto"><br></div><div dir=3D"auto">>&=
nbsp;And activation without majority hash power certainly does not =E2=80=
=9Censure=E2=80=9D this.<br></div><div dir=3D"auto"><br></div><div dir=3D"a=
uto">Do miners and mining pools participate in discussions before signaling=
for a soft fork begins? Can they still mine something else post activation=
even if signaling readiness for soft fork? <br></div><div dir=3D"auto=
"><br></div><div dir=3D"auto">> If one wants to enforce a soft fork=
(or otherwise censor) this is accomplished by mining (or paying others to =
do so). Anyone can mine, so everyone gets a say. Mining is trading capital =
now for more later. If enough people want to do that, they can enforce a so=
ft fork. It=E2=80=99s time Bitcoiners stop thinking of miners as other peop=
le. Anyone can mine, and that=E2=80=99s your vote.<br></div><div dir=3D"aut=
o"><br></div><div dir=3D"auto">Who enforces consensus rules technically in =
Bitcoin? Full nodes or Miners?<br></div><div dir=3D"auto"><br></div><div di=
r=3D"auto">Is soft fork signaling same as voting?<br></div><div dir=3D"auto=
"><br></div><div dir=3D"auto">According to my understanding, miners follow =
the consensus rules enforced by full nodes and get (subsidy + fees) for the=
ir work. Signaling is not voting although lot of people consider it voting =
including some mining pools and exchanges.<br></div><div dir=3D"auto"><br><=
/div><div><br></div><div>-- <br></div><div> Prayank</div> </body>
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