For reference, here are my main thoughts on the current Bitcoin softfork ideas/dramas to those who care.
For context with regards to wherever it might matter, I have a 12-year background as an engine...
Appreciate your thoughtfulness, Lyn.
I understand and agree with your perspective that the base chain should be extremely resistant to change.
What I’m still struggling with is that, unless I’m missing something, from the perspective of old node software, nothing appears to be changing.
Old nodes would see meaningless data inserted but it wouldn’t affect existing users. A group of private actors would be using the blockchain to pass messages to each other.
Again, I must be missing something, but I don’t see any change to network incentives, or risk of transactions being censored, increase in data storage, or any other harm to the base chain.
Thanks again. 🙏
I understand and agree with your perspective that the base chain should be extremely resistant to change.
What I’m still struggling with is that, unless I’m missing something, from the perspective of old node software, nothing appears to be changing.
Old nodes would see meaningless data inserted but it wouldn’t affect existing users. A group of private actors would be using the blockchain to pass messages to each other.
Again, I must be missing something, but I don’t see any change to network incentives, or risk of transactions being censored, increase in data storage, or any other harm to the base chain.
Thanks again. 🙏