Why not an atomic swap? There seems to be a lot of skepticism of such swaps from seg2x supporters that I don't get.
Adam is not insisting on an atomic swap because he's planning some conspiracy where he technically sabotages the swap mechanics.
I, like so many others, have a hard time imaging what this swap will even look like if the other chain is completely undefined.
Given the history of things, I also wouldn't be surprised by exploitation of weird corner cases in the swap mechanics by Adam and his fellows, and the fact that they are not even saying what their chain is going to be underlines this. I am reminded of the DAO debacle.
I am willing to bet 2.5BTC (which for me is a huge amount of money and significant fraction of my BTC worth, $10000!) on the success of the 2x fork, but with the old fashioned route of a trusted arbiter and a simple, well-defined condition of hash power-wise longest chain containing a >1MB base block excluding SegWit data.
Adam actually thinks Core coins will be more valuable post-fork, and he knows an atomic swap is a surefire way to lock Roger into a deal that he thinks is bad for him.
Meanwhile, I have not heard news from that 25kBTC offer and Adam didn't go into details either - and also didn't respond to anyone who asked for such details. It honestly does look like simply posturing to me at this point in time. Sounds impressive, and some weak people will be swayed by that - even if it all turns out to be hot air in the end. (Oh he
said 25000BTC, he must mean it!)
----
@lunar: I think you are fearing the ghosts that the Blockstream FUD instilled in you. Rather than a clusterfork, I see the 2x as the rocket launch! However, a rocket launch is extremely loud, so, make no mistake, that blast from takeoff will be heard as an extremely loud, screeching noise in rBitcoin. The echoes after liftoff will sound like sobbing in rBitcoin.
The question is simply: Is Bitcoin defined by the mechanism in the whitepaper, or has it been redefined to be not-so-decentralized by a bunch of ill-intended jerks attempting massive psychological manipulation tactics?
Can it even be redefined? After four years of fighting the manipulation, I don't see how.
This is
the big test. I also think this
the fight for Bitcoin. The increasing noise levels show you that HP-wise-longest chain is a sound concept, because otherwise, they wouldn't be worried. It also shows you that Core is fighting the ghosts that they summoned themselves - if no change is permissible other than with extreme consensus - the 1x chain will simply die. 90% of HP mining 2x, and enough miners seeing 1x as dangerous competition: I suspect there's going to be just empty blocks on that chain.
A soft fork to 0kB block size, maximum decentralization, if you want
If I where a miner, I'd even go and draft a soft fork blocksize reduction proposal (let's say 1kB
![Big Grin :D :D](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
) and then implement it on the 1x chain as a
soft fork. As we all know, soft forks are gentle and don't change the rules and are permissible, so Core can't even complain when that soft fork down to 1kB comes. You sell it as maximum decentralization Bitcoin Gold, solely for settlement between the central banks. And I think you can make a solid argument that 1kB indeed suffices in this case - so if you believe in settlement coin, you actually, logically shouldn't object!
Given that this would totally rip apart all the past tactics from the Core camp, I actually wonder why some miners (
@Jihan ,
@Haiyang ?) didn't start this campaign yet. It might be a dick move, but you don't win a war by being nice. It is the
perfect and
valid trolling opportunity. Payback time.
Maybe this is actually the way to deal with the Core folks who say this is unfair and dangerous: Tell them that, yes, there will be an S2X Altcoin if they want to call it so, but Bitcoin will also likely fork to 0kB blocksize for maximum decentralization, as a
gentle soft fork.
And ff they go POW fork, what legitimacy do they have left? That's right: Fucking
none. And I will be amazed if an exchange risks putting their customer's fund onto the wrong chain, risking a huge deal of litigation from their customers.
If they dare to do that, they'll have to successfully argue why they think their Bitcoin is Bitcoin in court.
And, other than the onslaught of trolling on reddit, they have to make a sound, logical argument why POW changed CSC is somehow Bitcoin. But no such sound argument exists!
At most they'll go with two very neutral names, neither or both of them equally Bitcoin-related, into the fork.
Finally, I like to say that the decrease in price of BCH is a sign that 2x is getting more likely. I still think the BCH:BTC price tracks about the risk that the 2x won't happen or that Core will cause massive destruction. I also think that the actions by Ver, Jihan and others are simply to build a more and more credible threat (e.g. Jihans 'might flip' comments) that they mean it, to ensure proper passing of the 2x agreement.
And I don't see how Core can cause massive destruction. I am not worried by DDOSses. Simply turn of the 2x bits and connect your node manually to known 2x nodes. A flaw in the code? Maybe, but that would impact the 1x Core nodes as well. They are so keen on 'my Core node can stay online and will never have to be updated' that they'd cut into their own flesh, so to say, on that front as well.
And on the patents: First of all, that's a U.S.-only thing. Secondly, if I am not mistaken, the miners can phase out SegWit transactions by making a fork that will turn them back into anyonecanspents. If they announce it with the right wording and a sufficient time ahead, I don't even think the price impact on Bitcoin will be that massive (SegWit was an experiment that will be rolled back due to patent issues, no harm done to the rest of Bitcoin). And the beautiful thing would be that if that happens, the chain can be validated with the old rules, as if SegWit never happened but for some reason, there was a time when the miners collectively for some reason didn't dare to touch a set of anyonecanspends.