BitDevs-NYC - On Forks and Consensus


Staff member
Aug 19, 2015
There is a BitDevs-NYC meetup tonight, January 28, 2016 at 7pm. Notes below.

from: J <>
date: Thu, Jan 28, 2016 at 4:37 PM
subject: [BitDevs-NYC] Today's Event: On Forks and Consensus
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We are meeting from 7-9PM this evening at the SolidX offices in the MetLife Building. Interested members are kindly reminded to RSVP and answer the security question. There are entrances to the MetLife elevators via escalators in the Grand Central main concourse. If you can't make it feel free to join us after the event at Cock and Bull around 9:15PM.

Event description:

The levels of controversy in the Bitcoin ecosystem have reached new heights. At the center of the current schism rests the soft vs. hard fork debate and how it relates to governance structures and code development. This event will allow us to explore this topic.

The event will be structured to allow each side of the debate to express their opinions without talking past one another. Discussion will begin with members stating the assumptions on which their logic rest. Once assumptions have been stated, members will be given the opportunity to question and defend those assumptions.

While the hard vs soft fork debate is predominantly technical, it reaches beyond into questions of ideological merit. Discussions of this nature will be allowed but will be moderated to avoid endless debate. Here is the main topic for discussion, listed below are subtopics. Please spend some time today thinking about these topics so we can have an informed debate.
  • Hard vs. soft forks -- when do they make sense?
  • Uncontroversial vs Controversial forks (95% vs 75%) -- do miners get to call the shots?
  • Soft segwit vs Hard 2MB bump for immediate release
  • Soft vs hard segwit
  • Is democratic code development healthy for Bitcoin? / If Bitcoin is neither democracy or dictatorship, what is it?
  • Layer 2 -- is it the best method to scale Bitcoin? Is it an inevitability?