BSV will be pursuing criminal charges against the entity/entities responsible 🤡 \ stacker news ~bitcoin

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BSV will be pursuing criminal charges against the entity/entities responsible 🤡bitcoinassociation.net/statement-on-empty-block-miner/

445 sats \ 22 comments \ @cryptocoin 17 Oct 2022 bitcoin

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534 sats \ 0 replies \ @nullcount 17 Oct 2022

Wishing this miner would start a public pool. I have some hashrate that I wouldn't mind donating to the cause

197 sats \ 0 replies \ @l0k1 17 Oct 2022

These guys think they are the Microsoft of Blockchain. Except nobody uses their garbage and nobody cares that their chain is so easy to attack because nobody uses it. I'm sure at some point there won't be a single court in the world that accepts a filing from them.

168 sats \ 1 reply \ @tomlaies 17 Oct 2022

Lmao, don't they notice the notice how there being a centralized entity that can sue meaning that there is a centralized entity? lol

27 sats \ 0 replies \ @siggy47 17 Oct 2022

Exactly. Imagine the real bitcoin starting a law suit. This whole situation reveals what makes bitcoin unique

129 sats \ 0 replies \ @f321x 17 Oct 2022

Let's write some funny mails 😁

We encourage this miner to contact Bitcoin Association at legal @bitcoinassociation.net within 24 hours to resolve this dispute.

199 sats \ 6 replies \ @sandbeach123old 17 Oct 2022

This is interesting however. IMHO this is just a soft fork, where this miner is enforcing a new "rule" (blocks must be empty). And by the hashing power the miner has, seems this is a successful fork. Minority miners will only mine orphans and therefore will get 0 reward. What these guys of bsv do not get is that this is how the game works.

80 sats \ 5 replies \ @sommerfeld 17 Oct 2022

It's not a fork, the miner is not breaking any rules, otherwise the other 14 BSV nodes would instantly reject its blocks.

25 sats \ 4 replies \ @sandbeach123old 17 Oct 2022

The soft fork does not break existing rules, but adds a new one, so it restricts even more the consensus. It is the hard fork the one that breaks them. https://youtu.be/U2yAcsj7P_E?list=PLUl4u3cNGP61KHzhg3JIJdK08JLSlcLId In these clases they explain the subject very well, especially scenarios regarding the mining support of different types of forks.

40 sats \ 3 replies \ @sommerfeld 17 Oct 2022

It's not a new rule, any other miner is free to build on a chain tip with non-empty blocks and the attacking miner is also building on non-empty blocks since he does not have 100% of the hash power.

The ruleset is not decided by the majority hash power holder. Not a soft fork.

220 sats \ 2 replies \ @l0k1 17 Oct 2022

Yep, it's simply a 51% attack.

25 sats \ 1 reply \ @sandbeach123old 17 Oct 2022

Got it, my bad. Indeed it's an attack. I guess a fork would need many other conditions to be met.

45 sats \ 0 replies \ @l0k1 17 Oct 2022

The core failure they have is simply network effect and use of a hash function that total internet usage is so large that people can punk them with it, cheaply.

It's so elementary game theory that it just shows you how serious BSV guys are about their project. IE, not even an iota of seriousness.

If Calvin will give me a hundred grand I'll build him a better hash function that won't be so easy to attack. Just Kidding!

176 sats \ 1 reply \ @k00b 17 Oct 2022

It's like they think the whitepaper is a contract legally forbidding "dishonest" behavior rather than describing how to disincentivize it.

While producing an empty block is not inherently a dishonest act per the rules set forth in the whitepaper, [...] Refusing to collect new transactions that are broadcast to a node into a block is inherently dishonest behavior

Also, my brain hurts every time they call BSV Bitcoin.

50 sats \ 0 replies \ @sandbeach123old 17 Oct 2022

I feel the same way

65 sats \ 0 replies \ @newnym 17 Oct 2022

I think you posted in the wrong section. Should have posted under the Meme Mondey thread. ;)

131 sats \ 0 replies \ @purpurato 17 Oct 2022

A joke that tells itself

30 sats \ 0 replies \ @02947a7fb5 19 Oct 2022

Clearly consensus says empty blocks is better than blocks with transactions. Lmao. This is fun to watch.

30 sats \ 0 replies \ @Pine 18 Oct 2022

It’s so fun to watch BSV going down

25 sats \ 0 replies \ @timechain 18 Oct 2022

To people mentioning how not decentralized this is, Craig frequently says "he" (Satoshi) never wanted Bitcoin to be decentralized. Which is untrue. Decentralized is a term we got from Satoshi.