to each constituency in the Bitcoin network. Signalception New Yor Agreement (NYA samson Mows tweet perfectly describes whats happening. Now thats a chain split. What does this mean for me?
Essentially, node software is useful because you dont have to trust others, but doesnt do much for the actual blockchain state unless you mine. In fact, its so easy that you really shouldnt be trusting the node statistics as its very easy to fake. In other words, more than 94 of the mining hash power (probably a lot more) are not supporting BIP-148. Block 102 does signal BIP14 1, but it builds on top of Block 101, which doesnt so uasf refuses. In other words, Bitcoin is really hard to change, and thats a wonderful feature. Our society that wants to believe there are easy answers to everything. When mining a block, they have to choose which fork to build. More specifically they promise: once 80 of blocks that they mine are signalling using bit 4 they will orphan any blocks that dont signal under bit.
Skin in the game Skin in the game means that theres cost to supporting something. 2.8k, online, a community dedicated to Bitcoin, the currency of the Internet. Once again, the end game here would be making the other chain disappear. Lets dismiss the first part, because we already passed that: already over 80 of miners pinky sweared bitcoin forum english into the blockchain that they will push through the the NYA. This is an important point, because despite all the rhetoric, BIP-148 still needs miners to have any chance of success. This has some significant consequences. As a result, we can expect much less liquidity in a futures market than in a normal market. Heres a quick recap, in case you missed it: uasf is a chicken game, a Hawk-Dove game. And youll finally be able to win Reddit arguments, what is very important. Want to get curated Technical Bitcoin News?
User Activated Soft Fork, uasf - Bitcoin Glossary - Bitcoin What exactly is uasf and how does it work?
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