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BIP 300 CUSFbip300cusf.com/
1006 sats \ 9 comments \ @Rsync25 26 Jun bitdevs
Activate BIP-300 and collect fee revenue from every payment on Earth.
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225 sats \ 1 reply \ @nerd2ninja 26 Jun
Zapping because you brought it to our attention, not because I like it (I don't like it)
A miner activated soft fork without Core (or economic node runner) support is a bold move.
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10 sats \ 0 replies \ @Rsync25 OP 27 Jun
I agree. When I saw this I thought also same thing. This is a bad move.
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10 sats \ 1 reply \ @SatsMate 27 Jun
Who would be in support of this other than the miners???
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0 sats \ 0 replies \ @saunter 27 Jun
it's directed to miners
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5 sats \ 0 replies \ @TheBTCManual 27 Jun
https://images.squarespace-cdn.com/content/v1/610aec5190cbf577be327936/a59aa5a0-b1ff-404b-94ab-c43851a5dae8/bold.jpg
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0 sats \ 0 replies \ @pakovm 27 Jun
I understand many of the things Paul says in this document, in fact I support many of said ideas (politization of the process, Luke being a nutjob, bitcoiners of 2024 being completely retarded, doing nothing is the worse course of action, trust isn't a scaling solution), but I have to ask, is this really the right move? I'm not sure I like this despite being ideologically aligned with it.
If anyone more knowledgeable than me can guide me through the technical ACTUAL risks I',d be grateful.
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0 sats \ 2 replies \ @CruncherDefi 27 Jun freebie
It seems that there are serious mistakes in the 'old-way / new-way' comparison.
"How do you de-activate the fork?: Very easy – people stop running the Activator software. The soft fork just naturally de-activates."
Yeah, except now soft-fork-specific UTXOs are claimable by everyone onchain. It's disabled on the technical layer of protocol, but it wreaks havoc on social/economic layer of protocol.
"Who can be negatively affected by a fork? (In a way other than a reorg.)" ( and other points.)
Why would you exclude reorgs? Reorg is the biggest issue and blocker when it comes to soft forks. Basically reorgs makes it so the 'new-way activation' is not that different from the 'old-way activation' w.r.t risks.
You might use the new OPCODE from your softfork. But if most economic participants won't use your soft-fork someone will claim your UTXOs next block and you screaming "This is consesus invalid! Give back my coins" by your local Activator won't make a difference.