@Javiergonzalez

(comment) Devs talking about votes, while at the end of the day they make decisions as important as taking away 50% of the miners' power. For the important things the devs don't vote.

@JavierGonzalez 2 years ago

@JavierGonzalez · 3 years ago

Verifying an on-chain BMP vote

This is an example of BMP protocol hashpower voting. Properties Universally verifiable. Decentralized (without a central authority to create the voting or census). Open to the public (anyone w...

22 likes · 4 comments

(comment) 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.

@JavierGonzalez 3 years ago

(comment) Yes please!

@JavierGonzalez 3 years ago

(comment) https://bmp.virtualpol.com/info/blocks?coinbase=true&blockchain=BCH&pool=Antpool https://bmp.virtualpol.com/info/blocks?coinbase=true&blockchain=BCH&pool=BTC.com

@JavierGonzalez 3 years ago

(comment) No es lo que yo pienso, es lo que piensan los mineros. Por ejemplo, el 95,34% del hashpower votó a favor de bloques grandes (2MB). Quiero que prevalezca el criterio de los mineros, ya que es el...

@JavierGonzalez 3 years ago

(comment) They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives c...

@JavierGonzalez 3 years ago

(comment) No hay precedentes de señalizaciones engañosas, como lo que sugieres. La reputación es parte fundamental de la actividad empresarial de los mineros. Los mineros ofrecen un servicio, algunos pued...

@JavierGonzalez 3 years ago

(comment) Puede haber mineros que actualmente señalizen una cosa y finalmente hagan otra distinta intentando engañar a sus competidores (Sybil attack). Eso no es el "sybil attack". Bitcoin soluciona e...

@JavierGonzalez 3 years ago

(comment) No respeto los splits. Cualquiera puede crear una crypto nueva, con un bloque Genesis nuevo, sin fracturar algo pre-existente. Bitcoin es un "mecanismo de consenso". No un mecanismo de division....

@JavierGonzalez 3 years ago

(comment) Thank you for making the BMP logo @TaelBristol Good job!

@JavierGonzalez 3 years ago

(comment) Governance > Finance

@JavierGonzalez 3 years ago

(comment) Yes, we're preparing it.

@JavierGonzalez 3 years ago

(comment) Good move. Bitcoin.com consistently like a good actor. Certainly the IFP feature itself, incomplete as it may be without a corresponding governance model, is an attempt to address this serious n...

@JavierGonzalez 3 years ago

(comment) You can talk and vote with your hashpower in a decentralized, on-chain, signed and legitimate way in https://BMP.virtualpol.com Small miners can participate, not only pools. In a serious way,...

@JavierGonzalez 3 years ago

(comment) You're a bad actor.

@JavierGonzalez 3 years ago

(comment) Miners indeed follow the group consensus, miners don't write rules. From historical evidence it becomes clear that indeed they dont want to be judges. Five on-chain evidences of Executive Hash...

@JavierGonzalez 3 years ago

@JavierGonzalez · 3 years ago

¿Por qué Bitcoin Cash necesita el BMP?

English | 中文 | Español Bitcoin es un mecanismo de consenso forzado con potencia de cálculo. Inventado por Satoshi Nakamoto —el primer minero— para lograr la adopción global de un efectivo ele...

11 likes · 9 comments

(comment) Thank you for considering the BMP as a voting mechanism tool to resolve conflicts. Related: https://read.cash/@JavierGonzalez/why-bitcoin-cash-need-the-bmp-1a6ab975

@JavierGonzalez 3 years ago

(comment) If there is actually a better proposal for how things should be done, I'm all ears. A better proposal: https://read.cash/@JavierGonzalez/why-bitcoin-cash-need-the-bmp-1a6ab975

@JavierGonzalez 3 years ago

(comment) https://read.cash/@JavierGonzalez/why-bitcoin-cash-need-the-bmp-1a6ab975

@JavierGonzalez 3 years ago

(comment) Yes!

@JavierGonzalez 3 years ago

(comment) https://bitcoin.com/bitcoin.pdf

@JavierGonzalez 3 years ago

(comment) Markets are the "hodlers parliament" (absolute power in long-term). There are a precedent for hashpower voting with 90% participation. But it is an impossible quorum to reach by voting with money....

@JavierGonzalez 3 years ago

(comment) I think hashpower voting is the only option to make decisions about the blockchain in a legitimate and effective way, without split risk. And BMP is probably the most advanced solution to do this....

@JavierGonzalez 3 years ago

(comment) In english: https://read.cash/@JavierGonzalez/why-bitcoin-cash-need-the-bmp-1a6ab975

@JavierGonzalez 3 years ago

@JavierGonzalez · 3 years ago

为什么比特币现金需要BMP系统？

English | 中文 | Español 比特币是一种共识机制，依靠算力强制执行。中本聪发明了比特币，他也是第一代矿工，实现了这种点对点的电子现金的全球应用。 BMP 是一种算力投票系统，具有去中心化、链上、开源...

126 likes · 51 comments

@JavierGonzalez · 3 years ago

Why Bitcoin Cash need the BMP?

English | 中文 | Español 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...

266 likes · 137 comments