Re:Relative hashpower of BTC and BCH in percentage of total
by guardiangod on Sunday August 20, 2017 @07:13PM
(#15060714)
I don't think 'symmetrical' means what you think it means. Just because A makes B 'less urgent' or 'more efficient' doesn't mean we have to choose between A or B. Why not both? Bitcoin Core's dev did not give a good technical reason for not adopting 2MB beyond crowding out smaller miners blah blah blah. I mean, come on. Have they seen the last 1000 blocks list these days?
Re:Relative hashpower of BTC and BCH in percentage of total
by pmorici on Sunday August 20, 2017 @10:19PM
(#15061470)
There is a good explanation on reddit of the history of this. [0] The Core developers did agree to a block size increase though in what is commonly referred to as the Hong Kong Agreement. They didn't follow though on that agreement and made up some truly weaselly excuses for why.
More recently a large group of players in the space came together and agreed to what has come to be called the New York Agreement (NYA) This said that they would support Segwit and a 2MB hard fork for bigger blocks. Core and Blockstream who largely controls Core have ignored the NYA and worked against it. They are pretending like segwit has support w/o the 2MB block increase when it doesn't and they are going around doing some truly cringe worthy stuff to tray and scuttle the 2MB part of it.
[0] https://www.reddit.com/r/btc/comments/6uw5kf/why_does_core_r...
Re:Relative hashpower of BTC and BCH in percentage of total
by RustyRussell on Monday August 21, 2017 @06:23AM
(#15063406)
> The Core developers did agree to a block size increase though in what is commonly referred to as the Hong Kong Agreement.
No, a couple of developers did. I think every core developer not in the room went "wtf, no".
The "compromise" framing of "we gave you SegWit, now you have to give us a hard fork" is pretty terrible too, because the two aren't symmetrical - SegWit makes hard forking less urgent, but hard forking to increase the block size makes the SegWit improvements more important because they're designed to make larger blocks work better. Even Bitcoin Cash copied one of the key SegWit improvements, the transaction hashing change, in very slightly modified form for this reason.