quotingThe reason BIP110 failed is that we naively believed consensus was supposed to be gathered out in the open, at the network level: nodes signal support or rejection, and miners follow based on the broader agreement.
nevent1qβ¦ac4d
The broader agreement at the NETWORK LEVEL was 20% in favour, 80% abstaining, and 0% against. Then a bunch of suits lobbied behind closed doors and convinced a few large, regulated entities to ignore something that should have been accepted in the absence of any NETWORK-level objection.
If thatβs how consensus is going to be formed from now on, Bitcoin is a failed project.
This has nothing to do with some tactical errors on our side, or with whatever arbitrary percentage of support someone decides is required before they can dismiss it as a Sybil attack. The rest of your post reads like youβre mildly offended by something Iβve said, and Iβm not going to apologise for my opinion. You can keep calling us brainwashed by Luke or Monero-level retarded. We donβt care.
To us, itβs obvious that Bitcoin-SHA256 is heading straight towards a cliff, and the brakes arenβt working anymore. So weβre doing the only sensible thing left: jumping out of the vehicle before it goes over the edge.
Yeah, weβll suffer serious injuries in the process. We didnβt want to do this. It sets us back years and puts us way behind. But we see no other choice.
I respect that youβre willing to do something about spam. But simply talking about it isnβt changing anything. We acted, we got beaten, but weβre not abandoning the fight.
What exactly are you going to fight for in this Poolcoin? And with whom at your side?
The direction of development is clear now. The attackers are emboldened, and you have no technical means to beat them at their rigged fiat game. They can commit essentially unlimited amounts of money to bail out a few pools and shield them from any NETWORK-level attempt to bring them into line.
If you have the numbers, theyβll call it a Sybil attack. If you have the support of businesses, theyβll call it a social attack.
I take that lesson with humility. You still havenβt accepted how bad things actually are.
I hope you do before itβs too late.
PoW@MaX on Nostr: πππππππππππ ...
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