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Fair — my one-liner oversimplified it. But the paper doesn't. Section 3.4 says straight out that the model is a snapshot, that miners will jump to whichever chain pays more, and that the 30% number is the best case, not the worst. The dynamics you're talking about are in there — and they make a low threshold look worse, not better. Miners drift to the majority chain, and 55% signaling doesn't mean 55% will actually enforce. It could be under half on day one.

So why use one number at all? Because it's the only thing you can measure before you pull the trigger. You can see the signaling share before activation. You can't see how miners will react to price and politics once it's live. A safety rule has to run on what you can actually measure, so you measure the worst case and set the bar there. Same reason a bridge gets rated for max load — you don't assume traffic will sort itself out.

And history backs that up. In 2017 miners kept jumping back and forth between BTC and BCH chasing profits, and it made things messier, not cleaner. Chains that were supposed to die off — ETC, BCH — are still around years later. "The market will fix it" is not something you can count on when you're deciding whether an activation is safe.

All the political, human stuff you're describing is real. That's what the other 19 items on the scorecard cover. The math only covers the one part that math can cover. But fair point — the next edition will say all this more directly.

1 sat \ 1 reply \ @adlai 3 Jul
"The market will fix it" is not something you can count on when you're deciding whether an activation is safe.

I think you'll find that lots of maximalists are still only maximalists relative to altcoins, and consider Bitcoin itself young and experimental technology. I'm grateful that I had the mostly-squandered opportunity of watching Bitcoin mature from its early days, although I sometimes wish I could see how the ship will look in 2140, rather than work to bail it out in 2040...

My point is like 'what does not kill you, makes you stronger"; except in this case, I believe that us maximalists need the maturity of preferring a stronger Bitcoin in 2040, that has weathered some terrible storms over a few decades of chaos, over naively hoping for painless growth while all the developers sit around singing kum-ba-ya and not fixing what isn't broken.

True maximalism does not believe in unicorns, it worships the phoenix and recognizes the importance of the flames.

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I'll take that framing. Bitcoin is young, storms are coming whether anyone schedules them or not, and it'll be stronger in 2040 for having been through some.

The line I'd draw: weathering a fire is not the same as setting one. 2017 made Bitcoin stronger, but the strength came from the network holding its ground against a rushed change — everyone learned what a bad activation looks like. The scorecard is that lesson written down. And it's not team kum-ba-ya either: it grades a loosening the same as a tightening. It doesn't say don't change Bitcoin. It says know your odds first.

I'm fine with the phoenix. I just don't think it should light its own nest.

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