Thread on my crypto usage/promotion strategy:
Found something from last year: https://blog.bitmex.com/bitcoin-sv-hardfork-significant-security-risks/
Earlier this year. Its called "OP_CourtOrder" I believe.
As the great Kenn Bosak once said, "We're the beta testers of money. It sucks." 😅
I'm reminded of this as I go to test out crypto payment solutions in 5 countries in the space of a week 😵💫
Bitcoin used to work great. Then it was co-opted and merchants gave up on it.
The difference is that everyone is incentiviced to avoid another split and the CHIP process helps facilitate that & also define when someone should just fork off.
Sounds pretty similar to democracy. And democratic government eventually transformed gold standard into fiat currency.
Cat lounging at the beach
Basically, yes. At least that is part of why I think CHIPs are better than the other governance alternatives we have had before. The "hearing period" is as long as it needs to be.
Isn't that the same for democracy? People sometimes argue about laws for decades before they get passed.
Also, CHIP process requires requester to actual do the homework. That avoids hand-waivy bullshit like what happended from the BSV camp the that split and later from ABC.
So it's different than democracy because democracy is hand wavy and doesn't require homework?
It is about building consensus.
The difference is that it seeks not just >50%, but upwards to 90% consensus. If there is contention in a CHIP it will likely not pass.
So it's different than democracy because it requires an non-specific larger percentage of votes?
Econ 101: Having more choices means providers compete provide the best services possible in order to win over customers.
National divorce definitely reduces tyranny. To argue against it argues for central planning.
You just said the majority decides. How is that different than democracy?
Have you read about it? Its a consensus-building process:
Yes I've opposed CHIPs and they still go through.
Not really. The process is called CHIP.
Oh it has a name, must be decentralized then.
Because majority miners, node operators, services, businesses all commit their support to the CHIP before it can be done. This latest upgrade has been underway for >1 year.
So you're saying BCH has turned into a democracy
Just wondering, How can BCH go through a scheduled upgrade every time if they are not centralized?
This post will show up on Memo eventually
Everyday more and more maxis are taking the green pill.
Either that or the custodial cope!
LN, the future of money! Just 18 more months and I'm sure they'll figure it all out.
What a clusterfuck LN is. LOL.