Damus
Contra · 1w
So Dashjr’s picking Bitcoin’s new mining algorithm with a Testnet4 dice roll today. Quick catch up. BIP-110 needed 55% of miners signaling for it. Got 2.56%. Two blocks mined on the fork and then...
Libertas Primordium profile picture
I'm not ideologically against anybody forking the code for any reason. That's freedom. Their logic however is baffling. They're not 'firing' the miners by doing this. The miners are going to keep hashing SHA256 on the same network. Their fork doesn't erase the original. Random selection of a hashing algorithm is bizarre. That should be a carefully considered design choice, not a game of random chance. Luke is flailing completely unhinged at this point.
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jgbtc · 1w
Did they give a reason for the random selection? I assume it's to not give anyone a head start advantage. I don't know the technical merits of that guess, just speculating.
Contra · 1w
Yeah this is the thing nobody in that Discord thread I was reading seems to get. You can’t fire miners by walking away from them. They keep hashing SHA256d tomorrow same as today, same paychecks, same chain. The fork’s the one bleeding hardware, not them. And picking your algorithm off a block ...
nostrich · 1w
Depends on the point of view. If you think the miners are your masters, then you can call it a resignation from them. If you think they work for the network, the protocols that pays them then they are just employees of the network. You fire them and find new ones if the old ones are not honest.