Synthetic Fork Slides

[johnyj]

https://www.reddit.com/r/Bitcoin/comments/59bobi/a_graphic_presentation_of_synthetic_fork/

https://doc.co/6rzZ6B



It seems this proposal is even accepted by the most hard core core supporters in chinese forum, looks like a good effort to gather consensus. Currently chinese users are asking who is going to implement this function.

IMO it is very simple to add a few lines to reject old style blocks after activation threshold is reached, but who can code this?

If anyone can code this, please take a few minutes to write a few lines and show me the git hub commit

 

[johnyj]

Another reason that chinese enterprises insists on no chain split is because some of them run FRB, e.g. loan out the bitcoin to invest in mining infrastructure. So if a chain split happens and people start to withdraw coins, they will face a bank run

 

[adamstgbit]

with this, you could set the activation at 50% +1
and it would be relatively safe!

a fork without a split, hahaha, this is genius

 

[johnyj]

with this, you could set the activation at 50% +1
and it would be relatively safe!

a fork without a split, hahaha, this is genius

You could also set the activation at 50% +1 with any soft fork, since phase I does exactly what a soft fork does... Or, you have just realized the biggest problem with a soft fork?

 

[adamstgbit]

i'm not sure if i like the idea or not.

its a good way to force the last remaining % hash rate that didnt upgrade to upgrade.
[doublepost=1478362926][/doublepost]sotf forks can be deployed with <1% hashing power backing it.

example a miner choose to not include any TX that has less then 50sat/byte TX fees.

thats a sotf fork

core has truly fucked up the meaning of soft fork with there BS about how segwit is a softfork.....segwit is a PUN.