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@047b99aa4d
2,499 sats stacked
stacking since: #1274006longest cowboy streak: 8npub1q3aen...ypqq5ula5h
0 sats \ 0 replies \ @047b99aa4d 13h \ on: You are not true Bitcoiners bitcoin
Gatekeeping and "No True Scotsman" fallacy but the list isn't wrong. I'd recalibrate it to be about being the goal of every Bitcoiner, not the minimum requirement.
Would you look at that? A reasoned and fact based investigation of an issue and a sensible and cautious plan to find concensus around deprecating a feature that is damaging to the Bitcoin network that minimizes side effects. What a radical idea...
102 sats \ 11 replies \ @047b99aa4d 2 Dec \ parent \ on: A soft fork is a 51% attack on Bitcoin bitcoin
So this is the wipeout scenario. If only Ocean is mining blocks on the new software split I don't know how they think their chain would ever be able to catch up... Also, how do block subsidies work in the "split then catch-up" scenario? If there is a reorg after 100 blocks pass does it invalidate the 3.125 Bitcoin awarded?
So expand on that. What happens to the nodes running the new software IF less than 51% of the hashrate isn't mining blocks using the new software? Mechanic has described some kind of mechanism where the chain split can eventually catch up to the other and then a wipeout occurs. Any thoughts on that scenario or how/if it could happen?
JP Morgan will probably just cut the Trumps in on their new product to offset the losses and Jamie will get the greenlight. Corruption just out in the open.
That wasn't an analization so much as just an explanation of op_return's purpose and function and a primer on policy vs concensus. There was one useful piece of information in there that I don't think is well understood:
The -datacarriersize limit applies to the aggregate size of those OP_RETURN scriptPubKeys (i.e., it sums over all those outputs), not individually.
He's a religious fundamentalist and it colors every action he takes. The mining pool he ran that preceded Ocean was named after Saint Eligius, known for using his wealth to build churches and monasteries, and promoted Christian conversion among pagans. The name of his Core fork, Knots, is a reference to “Mary, Undoer of Knots” as in the Virgin Mary. He routinely placed biblical passages in the coinbase transaction of blocks his mining pools found thus proving he is a spammer and a hypocrite. Anyone that has convictions such as this are inherently damaged and should not be tolerated in a management role of any sort. Especially one tied to a 2 trillion dollar asset class...