Lucas Clemente Vella [ARCHIVE] on Nostr: 📅 Original date posted:2017-10-10 📝 Original message:2017-10-09 22:39 GMT-03:00 ...

📅 Original date posted:2017-10-10
📝 Original message:2017-10-09 22:39 GMT-03:00 Paul Sztorc via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org>:

> That is only a one-way peg, not a two-way.
>
> In fact, that is exactly what drivechain does, if one chooses parameters
> for the drivechain that make it impossible for any side-to-main transfer to
> succeed.
>
> One-way pegs have strong first-mover disadvantages.
>

I understand the first-mover disadvantages, but I keep thinking that if the
new chain is Pareto optimal, i.e. is in all aspects at least good as the
original chain, but in some so much better to justify the change, the
initial resistance is an unstable equilibrium. Like a herd of buffaloes
attacking a lion: the first buffalo to attack is in awful disadvantage, but
if a critical mass of the herd follows, the movement succeeds beyond
turning back, and every buffalo benefited, both those who attacked the lion
and those that didn't (because the lion was chased away or killed).

--
Lucas Clemente Vella
lvella at gmail.com
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