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FluidFluxation's profile
Will 🗣️ 🌐
Will 🗣️ 🌐
Will  🗣️  🌐
@FluidFluxation

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Will  🗣️  🌐

@FluidFluxation

$I am‽ Generalist. Theorycraft.

Here, Now, Probably
Joined April 2011

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    1. Daniel Krawisz‏ @DanielKrawisz Feb 7
      Replying to @fnietom @Truthcoin

      Duh, that's because they're in competition with one another. The main chain should become more attractive to investors rather than blaming other people if you want to stop that.

      1 reply 0 retweets 0 likes
    2. Fernando Nieto‏ @fnietom Feb 7
      Replying to @DanielKrawisz @Truthcoin

      This has nothing to do with competition. In the absence of a liquid options market, even stupid forks like BTG generate big negative externalities. They are easy to pump as a marketing campaign, tempting people to split their coins even when they are clearly worthless.

      1 reply 0 retweets 0 likes
    3. Daniel Krawisz‏ @DanielKrawisz Feb 7
      Replying to @fnietom @Truthcoin

      Why don't you think it has anything to do with competition?

      1 reply 0 retweets 0 likes
    4. Fernando Nieto‏ @fnietom Feb 7
      Replying to @DanielKrawisz @Truthcoin

      Minority's experiments can use alts (or sidechains when available) to compete with no externalities. Forks try to gain notoriety at the expense of generating externalities and should be considered attacks to the main chain.

      1 reply 0 retweets 0 likes
    5. Daniel Krawisz‏ @DanielKrawisz Feb 7
      Replying to @fnietom @Truthcoin

      How does what you say here relate to my question at all?

      1 reply 0 retweets 0 likes
    6. Fernando Nieto‏ @fnietom Feb 7
      Replying to @DanielKrawisz @Truthcoin

      It illustrates how forks are not needed to compete. Unless you consider attacks a legit tool to do so... If this practice becomes widespread Bitcoin will be forced to defend itself until it disappears.

      1 reply 0 retweets 0 likes
    7. Daniel Krawisz‏ @DanielKrawisz Feb 7
      Replying to @fnietom @Truthcoin

      Once again duh! the very idea of competition means that the competator can win. I think forks are better at winning so I prefer those.

      1 reply 0 retweets 0 likes
    8. Fernando Nieto‏ @fnietom Feb 7
      Replying to @DanielKrawisz @Truthcoin

      No, forks are not better at winning, violence has a negative net value. BCH and BTG only 'succeeded' because Bitcoin wasn't prepared and assumed the cost, instead of defending itself, but externalizing your costs is not a sustainable strategy in the long run.

      3 replies 0 retweets 0 likes
    9. Will  🗣️  🌐‏ @FluidFluxation Mar 19
      Replying to @fnietom @DanielKrawisz @Truthcoin

      You can't stop people from forking bitcoin. You could try to implement protocols that punish miners for doing work on minority chains that have (temporarily) higher profitability, but that would be another fork. Besides, that sounds a lot like socialism.

      1 reply 0 retweets 2 likes
    10. Fernando Nieto‏ @fnietom Mar 19
      Replying to @FluidFluxation @DanielKrawisz @Truthcoin

      Self-defence has nothing to do with socialism, quite the oposite: prevents forkers from obtaining an individual profit using your resources. Forkers are the socialist parasites.

      1 reply 0 retweets 0 likes
      Will  🗣️  🌐‏ @FluidFluxation Mar 19
      Replying to @fnietom @DanielKrawisz @Truthcoin

      How do you propose preventing forks? Miners are free to mine whatever they want.

      11:40 PM - 19 Mar 2018
      • 1 Like
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      1 reply 0 retweets 1 like
        1. New conversation
        2. Fernando Nieto‏ @fnietom Mar 19
          Replying to @FluidFluxation @DanielKrawisz @Truthcoin

          Attacking the first one, as Luke did with merge-mined coins, so there is no expectation for others to succeed.

          1 reply 0 retweets 0 likes
        3. Will  🗣️  🌐‏ @FluidFluxation Mar 19
          Replying to @fnietom @DanielKrawisz @Truthcoin

          Attacking with what? Hashpower. What can foil that plan and sustain a fork? More Hashpower. You're seeking a political solution to a problem that mediates itself through computation and economics.

          1 reply 0 retweets 1 like
        4. Fernando Nieto‏ @fnietom Mar 19
          Replying to @FluidFluxation @DanielKrawisz @Truthcoin

          I’m not seeking political solutions, but market based ones. Eg. Using hivemind prediction markets.

          0 replies 0 retweets 0 likes
        5. End of conversation

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