Jacob Eliosoff [ARCHIVE] on Nostr: 📅 Original date posted:2017-06-20 📝 Original message:If segwit is activated ...
📅 Original date posted:2017-06-20
📝 Original message:If segwit is activated before Aug 1, as now seems likely, there will be no
split that day. But if activation is via Segwit2x (also likely), and at
least some nodes do & some don't follow through with the HF 3mo later
(again, likely), agreed w/ Greg that *then* we'll see a split - probably in
Sep/Oct. How those two chains will match up and how the split will play
out is anyone's guess...
On Jun 20, 2017 6:16 PM, "Hampus Sjöberg via bitcoin-dev" <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> Ironically, it looks like most of the segwit2x signaling miners are
> faking it (because they're not signaling segwit which it requires).
> It'll be unfortunate if some aren't faking it and start orphaning
> their own blocks because they are failing to signal segwit.
Well, they're doing some kind of "pre-signaling" in the coinbase at the
moment, because the segwit2x project is still in alpha-phase according to
the timeline. They're just showing commitment.
I'm sure they will begin signaling on version bit 4/BIP91 as well as
actually running a segwit2x node when the time comes.
> As far as prevent a chain split goes, all those things
> (148/91/segwit2x(per today)) effectively guarantee a chainsplit-- so I
> don't think that holds.
Segwit2x/BIP91/BIP148 will orphan miners that do not run a Segwit2x (or
BIP148) node, because they wouldn't have the new consensus rule of
requiring all blocks to signal for segwit.
I don't believe there would be any long lasting chainsplit though (because
of the ~80% hashrate support on segwit2x), perhaps 2-3 blocks if we get
unlucky.
Hampus
2017-06-20 23:49 GMT+02:00 Gregory Maxwell via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org>:
> On Tue, Jun 20, 2017 at 3:44 PM, Erik Aronesty via bitcoin-dev
> <bitcoin-dev at lists.linuxfoundation.org> wrote:
> > Because a large percentage of miners are indifferent, right now miners
> have
> > to choose between BIP148 and Segwit2x if they want to activate Segwit.
>
> Miners can simply continuing signaling segwit, which will leave them
> at least soft-fork compatible with BIP148 and BIP91 (and god knows
> what "segwit2x" is since they keep changing the actual definition and
> do not have a specification; but last I saw the near-term behavior the
> same as BIP91 but with a radically reduced activation window, so the
> story would be the same there in the near term).
>
> Ironically, it looks like most of the segwit2x signaling miners are
> faking it (because they're not signaling segwit which it requires).
> It'll be unfortunate if some aren't faking it and start orphaning
> their own blocks because they are failing to signal segwit.
>
> I don't think the rejection of segwit2x from Bitcoin's developers
> could be any more resolute than what we've already seen:
> https://en.bitcoin.it/wiki/Segwit_support
>
> On Tue, Jun 20, 2017 at 5:22 PM, Mark Friedenbach via bitcoin-dev
> <bitcoin-dev at lists.linuxfoundation.org> wrote:
> > I think it is very naïve to assume that any shift would be temporary.
> > We have a hard enough time getting miners to proactively upgrade to
> > recent versions of the reference bitcoin daemon. If miners interpret
> > the situation as being forced to run non-reference software in order
> > to prevent a chain split because a lack of support from Bitcoin Core,
> > that could be a one-way street.
>
> I think this is somewhat naive and sounds a lot like the repeat of the
> previously debunked "XT" and "Classic" hysteria.
>
> There is a reason that segwit2x is pretty much unanimously rejected by
> the technical community. And just like with XT/Classic/Unlimited
> you'll continue to see a strong correlation with people who are
> unwilling and unable to keep updating the software at an acceptable
> level of quality-- esp. because the very founding on their fork is
> predicated on discarding those properties.
>
> If miners want to go off and create an altcoin-- welp, thats something
> they can always do, and nothing about that will force anyone to go
> along with it.
>
> As far as prevent a chain split goes, all those things
> (148/91/segwit2x(per today)) effectively guarantee a chainsplit-- so I
> don't think that holds.
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
_______________________________________________
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bitcoin-dev at lists.linuxfoundation.org
https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
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📝 Original message:If segwit is activated before Aug 1, as now seems likely, there will be no
split that day. But if activation is via Segwit2x (also likely), and at
least some nodes do & some don't follow through with the HF 3mo later
(again, likely), agreed w/ Greg that *then* we'll see a split - probably in
Sep/Oct. How those two chains will match up and how the split will play
out is anyone's guess...
On Jun 20, 2017 6:16 PM, "Hampus Sjöberg via bitcoin-dev" <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> Ironically, it looks like most of the segwit2x signaling miners are
> faking it (because they're not signaling segwit which it requires).
> It'll be unfortunate if some aren't faking it and start orphaning
> their own blocks because they are failing to signal segwit.
Well, they're doing some kind of "pre-signaling" in the coinbase at the
moment, because the segwit2x project is still in alpha-phase according to
the timeline. They're just showing commitment.
I'm sure they will begin signaling on version bit 4/BIP91 as well as
actually running a segwit2x node when the time comes.
> As far as prevent a chain split goes, all those things
> (148/91/segwit2x(per today)) effectively guarantee a chainsplit-- so I
> don't think that holds.
Segwit2x/BIP91/BIP148 will orphan miners that do not run a Segwit2x (or
BIP148) node, because they wouldn't have the new consensus rule of
requiring all blocks to signal for segwit.
I don't believe there would be any long lasting chainsplit though (because
of the ~80% hashrate support on segwit2x), perhaps 2-3 blocks if we get
unlucky.
Hampus
2017-06-20 23:49 GMT+02:00 Gregory Maxwell via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org>:
> On Tue, Jun 20, 2017 at 3:44 PM, Erik Aronesty via bitcoin-dev
> <bitcoin-dev at lists.linuxfoundation.org> wrote:
> > Because a large percentage of miners are indifferent, right now miners
> have
> > to choose between BIP148 and Segwit2x if they want to activate Segwit.
>
> Miners can simply continuing signaling segwit, which will leave them
> at least soft-fork compatible with BIP148 and BIP91 (and god knows
> what "segwit2x" is since they keep changing the actual definition and
> do not have a specification; but last I saw the near-term behavior the
> same as BIP91 but with a radically reduced activation window, so the
> story would be the same there in the near term).
>
> Ironically, it looks like most of the segwit2x signaling miners are
> faking it (because they're not signaling segwit which it requires).
> It'll be unfortunate if some aren't faking it and start orphaning
> their own blocks because they are failing to signal segwit.
>
> I don't think the rejection of segwit2x from Bitcoin's developers
> could be any more resolute than what we've already seen:
> https://en.bitcoin.it/wiki/Segwit_support
>
> On Tue, Jun 20, 2017 at 5:22 PM, Mark Friedenbach via bitcoin-dev
> <bitcoin-dev at lists.linuxfoundation.org> wrote:
> > I think it is very naïve to assume that any shift would be temporary.
> > We have a hard enough time getting miners to proactively upgrade to
> > recent versions of the reference bitcoin daemon. If miners interpret
> > the situation as being forced to run non-reference software in order
> > to prevent a chain split because a lack of support from Bitcoin Core,
> > that could be a one-way street.
>
> I think this is somewhat naive and sounds a lot like the repeat of the
> previously debunked "XT" and "Classic" hysteria.
>
> There is a reason that segwit2x is pretty much unanimously rejected by
> the technical community. And just like with XT/Classic/Unlimited
> you'll continue to see a strong correlation with people who are
> unwilling and unable to keep updating the software at an acceptable
> level of quality-- esp. because the very founding on their fork is
> predicated on discarding those properties.
>
> If miners want to go off and create an altcoin-- welp, thats something
> they can always do, and nothing about that will force anyone to go
> along with it.
>
> As far as prevent a chain split goes, all those things
> (148/91/segwit2x(per today)) effectively guarantee a chainsplit-- so I
> don't think that holds.
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
_______________________________________________
bitcoin-dev mailing list
bitcoin-dev at lists.linuxfoundation.org
https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
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