Why Bitcoin Cash need the BMP?

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Avatar for JavierGonzalez
3 years ago

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Bitcoin is a consensus mechanism enforced with hashpower. Invented by Satoshi Nakamoto —the first miner— to accomplish the global adoption of A Peer-to-Peer Electronic Cash.

BMP is a hashpower voting system, decentralized, on-chain, open-source, verifiable, easy to use, expansible, voluntary and neutral. Where miners, and others, can talk and vote with their hashpower, extending the Nakamoto Consensus in pre-consensus phase. To make possible the empowerment of miners.

SIX REASONS

1) Prevent another split

A split is a division mechanism and is the opposite of a consensus mechanism.

Bitcoin Cash was born from a conflict. It was divided, again, for a second conflict. And now, with 7 nice devs teams, independently funded, in the same blockchain, we continue without a conflict resolution mechanism.

We want peace, but we go to war fast.

This tribalist pattern of conflict —with or without “external interferences”— will be repeated cyclically, with a split in every dispute. Until the total destruction of the Bitcoin project, diluted by atomization.

Prediction made in the Miners are the Executive Power of Bitcoin paper [2017, p2]:

Ignoring these facts will give rise to a brittle Blockchain with a tendency to break with every controversy. Accepting the consensus mechanism means the empowering of the miners in order to wield their legitimate power over the Blockchain to its exact degree.

Prediction made in the BMP paper [2018, p1]:

The human tendency to become entangled in conflict is a predictable pattern. With multiple development teams competing, confrontation is only a matter of time. To resolve this, miners must assume their executive role.

Bangkok Bitcoin Cash Summit [2018-08, day 1]:

The pencil marks are mine. Partial resume.

At the end of the day, there are only two ways to prevent a split:

  1. Voting with hashpower, to solve every dispute before the point of “no return”.

  2. Making Hashwar, with empty blocks and reorg against the minotiry split attempt.

Both ways require a new level of coordination, and the BMP was born to fix this.

2) Conflict resolution

There was a fatal lack of coordination to respond to the non-compliance of the /NYA/. And many other failures at coordination. Currently, BCH does not even have the ability to agree on a color. Nor about next year future features. Much less about more ambitious developments.

But, the Whitepaper establishes hashpower voting as consensus mechanism. This is how the next block is chosen. It happens on average every 10 minutes. And it is the only decentralized part of the Bitcoin project.

Power changing hands. In a decade. Decentralized. Impossible without PoW.

If we can accept this legitimacy —with the BMP tool— we will have an effective and secure way to resolve disputes in pre-consensus phase. Civilly. It will be as trustable  as the blockchain.

“Parliament” means “a place to talk”. That’s why BMP homepage is a chat to talk, decentralized, uncensored, public, neutral, where every word is signed and have weight in direct proportion to its percentage of hashpower. This opens the doors to a new era in the organization layer.

Extended OSI model.

3) Decision-making

The next block has specific rules. This requires decision-making. Because Bitcoin is not only technology and economics, it is also politics. Three complex disciplines.

Of course, the solution is not to give total control to a private company or group of developers, who systematically “get confused” thinking they are the Byzantine Generals, and the blockchain owners. This never work well, as we've seen multiple times.

BMP includes —as minimum viable version— a sophisticated voting system with hashpower. The design is solid, with features such as rectifiable vote, independent voting validity, filter by blockchain, multiple points and options and hardware wallet auth. In the future, it will allow preferential vote, multiple voting and much more.

In this way, for the first time, we can resolve disputes. One by one. With the best decision-making. Stable in the long-term.

4) Better communication

The /NYA/ (Segwit+2MB) is the only pre-consensus “voting” with majority of hashpower. With 90% of total hashpower, for five months.

With the BMP, miners communication bandwidth can be increased. Positions will be public and signed, and weighted with hashpower.

Since BMP conversations are public, it will allow anyone interested to get first hand information, to understand what is happening and why. Without the noise of non-hashpowered actors. And the voting system allows for approved joint announcements, representative of the majority of hashpower.

The BMP also allows hashpower delegation to any address. This allows each miner to delegate percentages of their hashpower to partners, employees, devs, researchers, managers, communicators, etc. This will reduce friction and allow a scalable conversation and a massive gain in gray matter.

5) Added value for BCH

Bitcoin Cash is the only blockchain with miners acting as Guardians. Like Byzantine Generals. (More in Executive Hashpower evidences 4 and 5). This is extremely important for BCH. We can expand this distinction, generating more trust.

The autopilot. Everyone wants power, but the truth is that Bitcoin users don't want to spend time of their lives in complex discussions about the blockchain tech. Users want to use the service promised in the Whitepaper. Fast, stable and cheap money. Used globally, in automatic mode.

The capacity to make decisions allows to put an end to issues and to be able to focus on new ones. The blockchain capable of advancing more efficiently without splits, will win the race for global adoption.

6) New possibilities

BMP is pure innovation in many ways:

  • The first conversation with hashpower (here).

  • Introduction of governance in Bitcoin (legitimized by the Whitepaper).

  • Hashpower delegation, in any address.

  • Rectifiable vote (while voting is open, because we learn in the process).

  • Multiple blockchain hashpower sum.

  • The most secure public voting sytstem.

And this allows for new possibilities that were impossible before:

  • Joint dev financing (BMP was recommended in IFPv2, point 4).

  • Better coordinated adoption campaigns.

  • Management of joint events.

  • Collective miners conversation (BMP paper, annex IV, futuristic).

  • Multiple teams working together, working in different parts, in the same code repository (like Saturn V, the most complex thing build by mankind, coordinated by NASA, to-the-Moon).

  • Decentralized Scrum Board controlled with hashpower? Yes, it is possible!

  • Forum, documents, teams, projects, ideas, proposals...

And unimaginable discoveries, since Bitcoin governance is unexplored territory.

A CALL TO ACTION

  • If you are a miner, participate in the BMP!

    • Read the README, be a pioneer.

    • You can say hello in the chat and try votings, that will attract other miners.

    • Recommended to use: Trezor Model T (Not easy/viable to implement Ledger, Trezor One works but has OP_RETURN limit). How-to make manual actions.

    • If you cannot make blocks solo, you can put your address inside coinbase by mining in P2Pool on BCH. This way, even the smallest miner can participate.

    • If you can make blocks solo, please, signal in coinbase text something like /BMP.virtualpol.com/. Better with your domain in your server.

  • If you know a miner, convince him to test the BMP.

  • If you are a pool, you and your pool miners can also participate. I can help in the integration.

  • If you are a protocol dev, ask your favorite miner to delegate a % of his hashpower in your address.

  • Deploy your own BMP server. It will show the same information. I can help you.

  • If you think this strategy should be tried —I know there are many of you— say so publicly.

  • BMP can remove centralized powers. They will try to stop BMP. Expect it.

  • Spread it around, support it, defend the BMP! I can't do this alone. The BMP project needs your help, and that of the whole community, to convince miners that this is the right way.

Javier González González
BMP Architect
gonzo@virtualpol.com

Revised by Majamalu from elbitcoin.org.
Translated by Ding HAN and Vivian Dai from BTC.TOP.

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Avatar for JavierGonzalez
3 years ago

Comments

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

Very informative

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3 years ago

good article

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3 years ago

thank you so much for posting such article ❤❤

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3 years ago

Great information about this article my Dear friend

$ 0.00
3 years ago

So, is the enforcement of the decision going to be decentralized too, at the end of the vote? Or can any miner still continue mining whatever blocks they like?

$ 0.00
3 years ago

Miners can mine to continue the block they want.

But to get the incentive, they need the majority of hashpower to freely decide to continue their block.

$ 0.00
3 years ago

Wow...I love this

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3 years ago

Really helpful

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3 years ago

Really it is very helpful😊

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3 years ago

Thanks for giving us knowledgeable knowledge

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3 years ago

So, write in English :-)

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3 years ago

English | Chinese | Spanish

you can change the language above of this article and switch between English | Chinese | Spanish. Hope that ordinary potato helped a bit.

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3 years ago

Oh, thank you very much Sir Potato, I didn't know that. Of course you helped, not a bit but much. How can I take revenge for that? If you need any help from me, you just say and I'll do it, if I can. Look, I have an idea-go to my post about potato rollers and enjoy it. Maybe you prepare them, too :-D Let it be my little gift for you :-)

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3 years ago

ou just say and I'll do it, if I can. Look, I have an idea-go to my post about potato rollers and e

SirPotato dont need much but would be nice to release 2 potatos from the store on next shopping to give them freedom back

$ 0.00
3 years ago

Do you pay for translation. Filipino/ Tagalog Version willing to apply 😊 word by words since traslators are not accurate.

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3 years ago

Oky

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3 years ago

This great article about BCH is very informative. I loved your valuable tips. Thank you so much.

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3 years ago

This great article about BCH is very informative. I loved your valuable tips. Thank you sir

$ 0.00
3 years ago

Looks like there is not much use of BMP so far. Is there any plan/campaign to push for its mass adoption?

$ 0.00
3 years ago

Yes, we're preparing it.

$ 0.00
3 years ago

It would be interesting to test this system by using it to choose the BCH logo and color.

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2 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

Its a great article sir...thanks for a sharing.thank you sir.well don and go ahead.

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3 years ago

Great airticle

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3 years ago

BMP will be the future of BCH, hope everybody will support this new project..Goodluck!

$ 0.00
3 years ago

The future of cryptocurrency especially Bitcoin is promising.

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3 years ago

I can't agree less! Nice article

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3 years ago

never thought it is going to be this easy to understand BCH. Thank you for this amazing article.

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3 years ago

Bitcoin is really kicking

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3 years ago

This is really helpful, thanks a lot Sir

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3 years ago

Good article.

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3 years ago

Good

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3 years ago

This will be a Big help to #BCH Community. I wish you a good luck and success into this project sir.

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3 years ago

yea

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3 years ago

Woah really? Amazing I am new here and in that. Thank you for this. Big helpm sorry I am just a newbie..I can't fully synthesize what is said.

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3 years ago

What is Satoshi?

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3 years ago

Thank yOu sir for this.☺

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3 years ago

it like the cent to the dollar

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3 years ago

Ok. Thanks for tell me that. ☺

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3 years ago

you are welcome

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

Great

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3 years ago

Nice article

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3 years ago

Looking forward for your next articles!

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3 years ago

This show some advantages of BCH in BMP

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3 years ago

Your article is very informative, comprehensive and scientific about BCH and BMP . Although I have difficulty understanding some points, I read your article with great curiosity and interest, congratulating for your hard working.

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3 years ago

This is insightful. Measures should really be taken.

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3 years ago

BCH rocks forever. It's not too late to learn BCH. I'm studying it to earn more.

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3 years ago

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3 years ago

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3 years ago

Great work.pls sir I need BCH..Even thou is little.I will appreciate

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

Updated.

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3 years ago

Updated.

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3 years ago

Wow. 1000usd of tips.

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3 years ago

Great article and nice tip.. Wish all.. 😁

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

Great article! Fun to read

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3 years ago

Very informative ,good work sir 👍 Might as well check my article about the history and future of BCH.

https://read.cash/@CrazyInsane/the-history-and-future-of-bitcoin-cash-9a27a25a

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3 years ago

So amazing article!

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3 years ago

Help me to grow🇮🇳

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3 years ago

This is indeed a very informative article sir! Thank you for sharing. Keep writing!💕

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3 years ago

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3 years ago

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3 years ago

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3 years ago

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3 years ago

This article is nice and very interesting, continue please

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3 years ago

This Article is informative. Nice 🤗

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3 years ago

Verry nice

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3 years ago

Thank you for sharing your very informative article

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3 years ago

reality appreciate

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3 years ago

Thank you for sharing this article

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3 years ago

Thank you, this article was really helpful

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3 years ago

Great your article sir.

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3 years ago

Thankyou sir.. This would be helpful to us..

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3 years ago

Hmmmm

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3 years ago

nice and informative article I love mining but I always in counter scammer I lost ready big amount of money I wish I can found a legit one

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3 years ago

very nice, keep it up 👍

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3 years ago

Thanks for sharing...nice article

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3 years ago

Great Work

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3 years ago

Good

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3 years ago

Keep sharing

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3 years ago

very informative artcle thanks.

$ 0.00
3 years ago

Oh i know. But nice write.

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3 years ago

Woow this is good information sir, thanks for sharing this article

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3 years ago

Very long yet useful. I'll click the link one by one to learn.

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3 years ago

Wow just sayin

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3 years ago

Nice

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3 years ago

Nice article

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3 years ago

Wow! It helps me a lot in more learnings about Cryptos. Thanks..God bless you.

$ 0.00
3 years ago

Relevant and Informative article thanks for sharing Sir

$ 0.00
3 years ago

I see BMP as an indispensable tool that will boost the reliability of BCH as a peer-to-peer electronic cash system, hence boosting its mass adoption worldwide. Thanks for featuring this article.

$ 0.00
3 years ago

nice article

$ 0.00
3 years ago

😯 this one is really amazing. im new here and i was trying to read all articles to get some idea how to make one article. you did very great article. I did subscribed to you just now.

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3 years ago

I think miners should be well coordinated. One of the most important option is to prevent another split

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3 years ago

Yes!

$ 0.00
3 years ago

Thank you for the information, but I think all miner should be guided on how to protect it

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3 years ago

Nice article. This is an epitome of creativity

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3 years ago

waoo. great artical🤗

$ 0.00
3 years ago

Good work 😇

$ 0.00
3 years ago

Well from what I have read BMP can make bitcoin cash easier to invest in. I might not be a miner but I know this is great information to those who involves their self in Bitcoin cash as a crypto currency.

$ 0.00
3 years ago

With this information splits can be avoided, better communication can be made, greater decisions can be made, better trust can also be found, conflict can be resolved and also newer possibilities can be formed. Wow all of these in one article, I have to give it to you🙌👏👏you have done a great job here. @javierGonzalez thank you for your information 😊🙌🙏👏

$ 2.60
3 years ago

I need to get more update on this BCH crypto. Well, if for instance I do not know a lot about BCH, with my little experience with it, i can say experiencially that it has a good future and every effort should be made to ensure that that future is preserved and eventually reached.

$ 0.00
3 years ago