Hacker News new | past | comments | ask | show | jobs | submit login

> There were many developers quite interested in larger block size for many years

Yet, they weren't around when it came time to make it happen.

> Segwit2x had over 90% of the hashpower of the bitcoin world voting for it

Yet, it had a deeply flawed software development process.

> it is still the best measure of consensus and support the network has

Yet the miners stated that they would only mine the fork for 12 hours, do you know why? Because they would have been mining at a (relative) loss. Really undermines this measure of consensus. Maybe the best measure is the market price of the coin.

> I think that the survival and modest success of Bitcoin Cash eroded the initial overwhelming support for Segwit2X.

Basically, Bitcoin Cash is what Segwit2x should've been: an honest, replay-protected coin for people who think a money's value comes from its base layer payment system's transactions per second.




> Yet, they weren't around when it came time to make it happen.

Bitcoin XT had a mechanism for larger blocks in mid 2015. There were multiple BIPs and implementations for larger blocks besides that in 2016. It didn't matter much because of the stickyness of the original/default bitcoin implementation which is controlled by developers employed by blockstream, which was always intended to profit off of "sidechains" enabled by segwit and necessitated by small block sizes. (For anyone less familiar, keep in mind the first versions of the original implementation were written by Satoshi and then maintained by Gavin Andresen, one of the developers now on the "outside".)

Segwit2X was a compromise, arrived at through much effort at the Hong Kong meeting in early 2016 and again at the New York meeting in early 2017. It does appear that any compromise was futile and hopeless.


What developers were included in the NYA? Wasn't it just a bunch of suits? Like, only businesses and miners?




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: