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RE: BitShares Hangout #28 - 2017-07-07 - OpenSource Agenda [WhaleShare and BeyondBit Payments Based on Post Payouts!]

in #beyondbitcoin7 years ago (edited)

Relevant BSIP in case of bitBTC global settlement:

A good question is: What fork will bitBTC reference after the split?

Preferably, we shouldn't reference the 'UASF' fork.

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A good question is: What fork will bitBTC reference after the split?

I'd prefer UASF though. But it doesn't matter that much, since bitBTC is just a minor side product in our company... we just need to avoid negative news, eventually affecting all smartcoins, because we did not react in time

I prefer the big-block approach as originally intended by Satoshi; off-chain solutions are a neat idea on top of the Bitcoin blockchain, but strangling the core scaling mechanism (increasing block size) to push everyone onto blockstream's off-chain scaling solution is a terrible idea.

UASF by definition is a sybill attack, they're even proposing changing POW mechanisms which is really a scorched earth policy for BTC!

On the upside, we may experience the 'flippening' where BTC loses its #1 place, if this happens who knows what will happen in the crypto markets?! Exciting times!