Bitcoin Core developer Luke-Jr warns of SEGWIT2X ‘DISTRACTION’
segwit2x·@the-future·
0.000 HBDBitcoin Core developer Luke-Jr warns of SEGWIT2X ‘DISTRACTION’
<html> <p><strong>Luke-jr highlights the technical variations that SegWit 2x represents, while warning about the dangerous implications:</strong></p> <blockquote><em>Overall, Segwit2x seems to have one real purpose: to try to stall Segwit longer. […] It is a distraction from the upcoming BIP148 softfork, which is already irreversibly deployed to the network.</em> </blockquote> <p>His comments come as a direct return to those who report to SegWit2x better and better, which emerged during the May's Consensus meeting in NY.</p> <center><p>https://s14.postimg.org/rjxong675/power.jpg</p> <p><a href="http://bitcoinist.com/luke-jr-one-purpose-segwit2x-stall-segwit-empower-bitmain/">Image Source</a></p></center> <p>A meeting of well-known Bitcoin businesses and figures,, organized by Digital Currency Cluster founder Barry Silbert, has <a href="http://bitcoinist.com/barry-silbert-segwit-compromise/">signed an agreement</a> to ensure SegWit has activated Bitcoin and tried to complete the scaling discussion years ago.</p> <p>Silbert announced he had at least 50 businesses who had “signed on” to his preferred Bitcoin scaling solution – SegWit with a block size increase to 2 megabytes within 12 months. </p> <center><p>https://s11.postimg.org/grxq8gu77/silbert.jpg</p></center> <p>As of press time, those miners signaling intent to support SegWit2x represented 85.4% of the total Bitcoin mining network. Data from Coin Dance meanwhile tells a slightly different story.</p> <center><p><a href="https://coin.dance/poli">Global Bitcoin Political Support & Public Opinion</a></p></center> <p>https://s18.postimg.org/k3pi1ncqh/coin_dance.jpg</p> <center><p><a href="https://coin.dance/blocks">Bitcoin Block Details </a></p></center> <p>https://s3.postimg.org/57z1wzrdf/image.jpg</p> <center><h2>In criticizing the NYA meanwhile, Luke-jr added:</h2></center> <blockquote><em>By promoting BIP91 and Segwit2x as an alternative to BIP148, what miners are really doing is another power grab to try to take back their veto, which has no purpose other than to be used by Bitmain to block the whole thing at the last minute. […] If too little of the economy has upgraded to BIP148 in time for August, it gives Bitmain the opportunity to perform a chain split attack, and fool outdated nodes into following their invalid chain, possibly becoming financially dependent on it before realising the attack has occurred.</em> </blockquote> <p><strong>Luke-jr thus described SegWit2x beta and attached hard fork’s characteristics as: </strong></p> <blockquote>Clearly dangerous for Bitcoin, foresee [himself] consenting to the hardfork proposal under almost any circumstances </blockquote> <p><strong>As SegWit2x gains over 80% hash rate support, a developer has pronounced the Bitcoin user-activated soft fork (UASF) “dead.”</strong> </p> <blockquote>It’s dead, because the New York agreement took away too much support from UASF,” he wrote, describing the behavior of BIP148 UASF camp as like a “chicken game.”</blockquote> <blockquote>UASF needs economic nodes and miners. NYA takes away a big chunk of the former and all of the latter. But it’s still winning, because SegWit will be activated and hard fork will not happen. </blockquote> <p>HiddenWallet creator known as <strong>nopara73</strong> said that the scaling move, also known by its Bitcoin Improvement Protocol number BIP148, was <em>“still winning in a strange way.” </em></p> <center><p><em>https://s7.postimg.org/6iviaqm8b/nopara73.jpg</em></p></center> <p><a href="https://medium.com/@nopara73/uasf-is-winning-the-chicken-game-but-not-the-way-its-supporters-expected-59702a337f6f"><strong>UASF Is Winning The Chicken Game, But Not The Way Its Supporters Expected</strong></a></p> <p><strong>https://s2.postimg.org/93crwpw7d/nfs.jpg</strong></p> <p><a href="https://medium.com/@nopara73/uasf-is-winning-the-chicken-game-but-not-the-way-its-supporters-expected-59702a337f6f"><strong>Image Source</strong></a></p> <blockquote><em><strong>UASF is a chicken game, a Hawk-Dove game.</strong></em> <em>You know when two car is rushing straight towards each other and the winner is the one that doesn’t turn the wheel.</em></blockquote> <blockquote><em>There are a few paradox situations when illogical behaviour is the most logical behaviour. For example if you get into this situation you want to drink a bottle a vodka in front of your opponent, sit in the car and throw out the wheel.</em></blockquote> <center><h3><a href="https://www.youtube.com/watch?v=yGTYXFkM1us&feature=youtu.be"><strong>Chicken Run in Fast and Furious 7 </strong></a></h3></center> <p>https://www.youtube.com/watch?v=yGTYXFkM1us&feature=youtu.be</p> <p><a href="https://www.youtube.com/watch?v=yGTYXFkM1us&feature=youtu.be">Video Source</a></p> </html> <H2>Let us know what is your opinion about this!</H2> </html>
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