People got this weird idea after segwit that a “UASF” is this magic thing where a bunch of people on social media get together and start making threats and suddenly Bitcoin’s consensus rules will change.
That’s nonsense. I’m sorry if you were told that the thing that activated Segwit was a UASF and nothing else but you were lied to.
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The Local Bitcoin Meetup Groups spread this idea
Oh yeah? What am I missing? Be specific.
The security model hinges on the nodes ability to to dictate rules of a network.
If:
- Nodes don't matter unless they are exchanges or miners,
- If UASFs fail WITHOUT nodes employing URSFs,
- Miners can ignore enforcement due to ambivalent nodes,
Then:
Miners control the network. And who are miners? Those with the most Electricity and Machines. Who has the most Electricity and Machines? Governments or their proxies.
Ah yes "Hard" the well defined parameter. I remember seeing that in the code:
If ( softfork = hard)
{
DO;
}
else
{
DONT DO;
}
return 'to fiat';
I had a weird idea that Bitcoin could avoid capture and be decentralized hard money, and plebs would rise to the occasion when it got attacked by devs more interested in tokenized assets and vc funding than separating money and state. I was wrong. Bitcoin will degrade into just another scammy shitcoin project driven by Wall Street. Disappointing but it is what it is. I admit defeat. Your buddy Lopp was right, we're all shitcoiners now.
man i was just trying to remember where i put my keys back then
Stop and actually think about it instead of being retarded.
People, don't, want, to, host, childporn, on, their, nodes,...
That's why node runners mostly took one side, while miners whos only motivation is to get paid took the orher side.
You're not running a node and you know shit.... sorry but I'm like you that love btc but the difference is at the time I spent to study it. You're not to far from learning to be taxed for not moving holdings through the miners and unwanted changes from Core developers that are already declared for where's bitcoin heading.
100% of the power over the bitcoin protocol is held by the rolling set of individuals who are receiving bitcoin in exchange for something else.
A node’s power over the rules of the network is directly proportional to what goods/services (or other currencies) will be withheld from a trade if that node rejects a transaction.
Miners and developers etc only have power that is given to them by that set of participants. If they ignore those participants then devs write code no one will run, and miners mine a coin that no one will buy.
Never heard of a pump and dump, eh? The people using the coin THINK it has value, the devs and miners rug them... That's how it works.
Can’t rug something unless you hold most of the supply. Miners and devs can’t afford to hold onto their coins, they have bills to pay.
The fact of the matter is exactly as I stated above regardless of your opinion. 1+1=2 whether you like it or not.
Literally not true. Devs and miners can literally dump all their coins then make the network unusable the very next day, tanking your value immediately. You are describing the very myopic view of people who didn't learn a lesson on August the 8th of this year.