Jonathan Silverblood

Joined Apr 22, 2018

Jack-of-most-trades that likes to be fascinated with deep subjects like bitcoin, governance and energy.

https://twitter.com/monsterbitar

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replied 2031d
(the stress testing tools likely seed the TX's on, or topologically close to, the BMG/SVnodes)
replied 2031d
No, the bottlenecks were mitigated to some degree, but not fixed. See the mempool divergences: https://jochen-hoenicke.de/queue/#4,24h
replied 2031d
BitcoinHoarder
... to learn why the other pools did not have a chance to make 32mb blocks. (the TX relay issues have been somewhat mitigated, but not solved. their mempools never filled up)
replied 2031d
BitcoinHoarder
It is likely a mix between the stresstest tools using specific entry points in the network, and stronger-than-average hardware. See https://jochen-hoenicke.de/queue/#4,24h
2031d · Bitcoin Cash
it could've gained more if it got the same attention, but without the contention and negative connotations.
2031d · Bitcoin Cash
The unified coin gained value due to the attention gained - same as with the stresstests.
2031d · Bitcoin Cash
Which is a dangerous path to take, and not one I can morally defend.
2031d · Bitcoin Cash
But right now, they are aren't competing to produce value; but some compete by destroying value.
2031d · Bitcoin Cash
As they should - miners should compete.
2031d · Bitcoin Cash
On that I can agree then, I too want to see the hashwar play out. Wish it happend in the S2X fork, but I'll take what I get.
2031d · Bitcoin Cash
They'd also start with a clear advantage in terms of social media presence, authority figures and control over communication platforms.
2031d · Bitcoin Cash
No, just like BCH they would start with some miners, a shared history, and vested interests by developers who share their ideology.
2031d · Bitcoin Cash
By "How it's done", if it encompass attacking those who produce value in the ecosystem, they will soon find themselves on a path of destruction and network effect leaving.
2031d · Bitcoin Cash
network effect is a human property here, and the smaller block faction with a new ticker may well have taken over the network effect.
2031d · Bitcoin Cash
It might not be that simple.
2031d · Bitcoin Cash
I don't think the Core roadmap, governance or behaviour is even remotely acceptable, but a large number of participants around the globe does, for now.
2031d · Bitcoin Cash
Core could well have remained a majority brand but with a new ticker, and miners would eventually have followed.
2031d · Bitcoin Cash
You're making assumptions that might not hold up there.
2031d · Bitcoin Cash
Bitcoin is a **voluntary** system of cooperation. You cannot force people to take part.
2031d · Bitcoin Cash
No, Core would've forked of and maintained their cultural identity, branding and value - while Jihan at best would've kept the ticker.
2031d · Bitcoin Cash
The destruction of value, ruthlessly attacking your peers, threats of economic damage and so on - is not how you maintain a coherent communities brand.
2031d · Bitcoin Cash
A brand is an idea and exist as a cooperation/link between humans. Hashpower can never maintain a brand - only humans can.
2031d · Bitcoin Cash
you do realize that mining empty blocks **is** growing the competing chain, right? it **is** still extending it.
2031d · Bitcoin Cash
You win by extending the longest valid chain. Valid as in accepted by your peers - and measured by having your coinbase spendable after maturity with some degree of value.
2031d · Bitcoin Cash
no?