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Last active Dec 27, 2017

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Bustabit Statement on Bitcoin Forks

Due to the explosion of forks, bustabit will not be supporting any of them unless specifically announced.

@shesek

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shesek Mar 19, 2017

We will follow the chain with the most proof of work.

Does that apply for the case of an hostile hard-fork initiated by the miners to switch to BU?

shesek commented Mar 19, 2017

We will follow the chain with the most proof of work.

Does that apply for the case of an hostile hard-fork initiated by the miners to switch to BU?

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dooglus Mar 19, 2017

and make BCU coins available for withdrawal

I think the term the exchanges propose is "BTU".

BCU is the name of a token BitFinex are using to allow people to dump their potential BTU before any fork happens.

We will follow the chain with the most proof of work.

Does that apply for the case of an hostile hard-fork initiated by the miners to switch to BU?

Presumably he means the longest valid chain, not just the longest chain. That means the chain has to follow the Bitcoin consensus rules. That rules out any BU hard fork, since that will presumably include blocks breaking the million byte limit rule.

dooglus commented Mar 19, 2017

and make BCU coins available for withdrawal

I think the term the exchanges propose is "BTU".

BCU is the name of a token BitFinex are using to allow people to dump their potential BTU before any fork happens.

We will follow the chain with the most proof of work.

Does that apply for the case of an hostile hard-fork initiated by the miners to switch to BU?

Presumably he means the longest valid chain, not just the longest chain. That means the chain has to follow the Bitcoin consensus rules. That rules out any BU hard fork, since that will presumably include blocks breaking the million byte limit rule.

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RHavar Mar 20, 2017

@dooglus: Thanks, updated to BTU.

@shesek: That is specifically for the "UASF" part, as in there are two branches that follow the consensus rules -- bustabit will follow the one with the most work.

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RHavar commented Mar 20, 2017

@dooglus: Thanks, updated to BTU.

@shesek: That is specifically for the "UASF" part, as in there are two branches that follow the consensus rules -- bustabit will follow the one with the most work.

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lichtamberg Apr 11, 2017

Is it true, that you are against BIP148 at https://coin.dance/poli ?

Is it true, that you are against BIP148 at https://coin.dance/poli ?

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RHavar Apr 11, 2017

@lichtamberg since the discover of covert asicboost, I've softened my position somewhat. I've revised the section on UASF: https://gist.github.com/RHavar/1735237f52ae1bf919fb1773046f8a5b/revisions?short_path=f298864#diff-f2988643b7a883ff301620247817a72e

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RHavar commented Apr 11, 2017

@lichtamberg since the discover of covert asicboost, I've softened my position somewhat. I've revised the section on UASF: https://gist.github.com/RHavar/1735237f52ae1bf919fb1773046f8a5b/revisions?short_path=f298864#diff-f2988643b7a883ff301620247817a72e

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