RE: BitShares Hangout #28 - 2017-07-07 - OpenSource Agenda [WhaleShare and BeyondBit Payments Based on Post Payouts!] by ash

Viewing a response to: @officialfuzzy/bitshares-hangout-28-2017-07-06-opensource-agenda-whaleshare-and-beyondbit-payments-based-on-post-payouts

beyondbitcoin · @ash · Jul 6 '17 (edited)

$6.67

please ask witnesses in call (I won't make it)

* how are you avoiding dangerous feed errors in case of bitcoin fork?
* are there plans to hold bitBTC prior to 1st of august?

👍 ash, smailer, taconator, officialfuzzy, michaelx, tracemayer, ppitonak, ldauch, cm-steem, aifuture, pavelkanks

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@cm-steem · Jul 6 '17 (edited)

$1.62

Relevant BSIP in case of bitBTC global settlement:
* "[BSIP-0018 : Revive BitAsset through buying Settlement Pool](https://github.com/bitshares/bsips/blob/master/bsip-0018.md)"
* "[BSIP-0017 : Revive BitAssets after global settlement](https://github.com/bitshares/bsips/blob/master/bsip-0017.md)"

A good question is: What fork will bitBTC reference after the split? 

Preferably, we shouldn't reference the 'UASF' fork.

👍 taconator, officialfuzzy, ash, ppitonak, sc-steemit

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@ash · Jul 7 '17 (edited)

> A good question is: What fork will bitBTC reference after the split?

I'd prefer UASF though. But it doesn't matter that much, since bitBTC is just a minor side product in our company... we just need to avoid negative news, eventually affecting all smartcoins, because we did not react in time

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@cm-steem · Jul 7 '17 (edited)

I prefer the big-block approach as originally intended by Satoshi; off-chain solutions are a neat idea on top of the Bitcoin blockchain, but strangling the core scaling mechanism (increasing block size) to push everyone onto blockstream's off-chain scaling solution is a terrible idea.

UASF by definition is a sybill attack, they're even proposing changing POW mechanisms which is really a scorched earth policy for BTC!

On the upside, we may experience the 'flippening' where BTC loses its #1 place, if this happens who knows what will happen in the crypto markets?! Exciting times!

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