<unnamed>

Public Key

npub14ekffcmz65m3mf57dh9chelymqylupccynuljuey5dgmwdvtxxusjtqpdh

Profile Code

nprofile1qqs2umy5ud3d2dca560xmjutuljdsz07quvzf70ewvj2x5dhxk9nrwgpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsc84tya

Publishing to

relay.snort.social

relay.damus.io

nos.lol

Last Notes

2023-06-07 18:29:44 UTC

- reply

📅 Original date posted:2021-03-01
📝 Original message:On Tue, Mar 02, 2021 at 01:06:14AM +1000, Anthony Towns via bitcoin-dev wrote:
> On Sun, Feb 28, 2021 at 07:33:30PM +0000, Luke Dashjr via bitcoin-dev wrote:
> > As we saw in 2017 with BIP 9, coordinating activation by miner signal alone,
> > despite its potential benefits, also leaves open the door to a miner veto.
>
> To the contrary, we saw in 2017 that miners could *not* successfully
> veto a BIP 9 activation. It was certainly more effort and risk than was
> desirable to override the attempted veto, but the attempt at vetoing
> nevertheless failed.
You cannot prove a statement to be false by making another statement.
>
> > It wouldn't be much different than adding back the inflation bug
> > (CVE-2018-17144) and trusting miners not to exploit it.
>
> That is ridiculous FUD.
That is an analogy not FUD. A strong one nevertheless but still an analogy.
>
> > With LOT=False in the picture, however, things can get messy:
>
> LOT=false is always in the picture if we are talking about a soft-fork:
> the defining feature of a soft-fork is that old node software continues
> to work, and old node software will be entirely indifferent to whether
> activation is signalled or not.
>
That is the correct description of how soft-forks should work in principle.
> > some users will
> > enforce Taproot(eg) (those running LOT=True), while others will not (those
> > with LOT=False)
>
> If you are following bip8 with lockinontimeout=false, you will enforce
> taproot rules if activation occurs, you will simply not reject blocks if
> activation does not occur.
Also correct in principle.
> > Users with LOT=True will still get all the safety thereof,
> > but those with LOT=False will (in the event of miners deciding to produce a
> > chain split) face an unreliable chain, being replaced by the LOT=True chain
> > every time it overtakes the LOT=False chain in work.
>
> This assumes anyone mining the chain where taproot does not activate is
> not able to avoid a reorg, despite having majority hashpower (as implied
> by the lot=true chain having to overtake them repeatedly). That's absurd;
> avoiding a reorg is trivially achieved via running "invalidateblock", or
> via pool software examining block headers, or via a patch along the lines
> of MUST_SIGNAL enforcement, but doing the opposite. For concreteness,
> here's a sketch of such a patch:
>
> https://github.com/ajtowns/bitcoin/commit/f195688bd1eff3780f200e7a049e23b30ca4fe2f
If lot=true has majority of hashpower it wins.
Having to overtake them repeatedly assumes a 50/50 split one chain taking
over the other repeatedly.
In which case OP's statement that the LOT=True chain is safer holds true.
>
> > For 2 weeks, users with LOT=False would not have a usable network.
>
> That's also ridiculous FUD.
In context thats not FUD and most certainly it's not ridiculous FUD.
Assuming a 50/50 hashpower split the Lot=False chain has no stability
till difficulty re-adjustment.
>
> If it were true, it would mean the activation mechanism was not
> acceptable, as non-upgraded nodes would also not have a usable network
> for the same reason.
>
> Fortunately, it's not true.
In the split scenario non-upgraded nodes don't play, right? aka they're part of
both chains.
>
> More generally, if miners are willing to lose significant amounts of
> money mining orphan blocks, they can do that at any time. If they're
> not inclined to do so, it's incredibly straightforward for them to avoid
> doing so, whatever a minority of other miners might do.
Except that when incentives change so does miner behavior.
>
> > The overall risk is maximally reduced by LOT=True being the only deployed
> > parameter, and any introduction of LOT=False only increases risk probability
> > and severity.
>
> LOT=false is the default behaviour of everything single piece of node
> software out there. That behaviour doesn't need to be introduced, it's
> already universal.
You are again making an "in principle" statement.
>
> Cheers,
> aj
If you meant this to be a rebuttal, it is not.
It is mostly blanket statements and attacking OP.
--