Rootstock RSK Fork

[jimbobway]

If I understand correctly RSK allocates a certain percentage of mining back to dev funding.  If RSK is open source wouldn't it be possible to fork the code and remove this "tax" on mining?  The same thing happened with ZCash and there is a fork of ZCash called ZClassic without the tax.

It seems like bitcoin sidechains that are open sourced will always be forked from one "inefficient" form of money to another.  So to create the best coin you have to make it appealing for all users.

[1714879636]

1714879636

[1714879636]

1714879636

[1714879636]

1714879636

[1714879636]

1714879636

[Lauda]

If I understand correctly RSK allocates a certain percentage of mining back to dev funding. 

As I was not aware of this, could you please add a source?

If RSK is open source wouldn't it be possible to fork the code and remove this "tax" on mining?  The same thing happened with ZCash and there is a fork of ZCash called ZClassic without the tax.

Without looking into RSK, it should be very well possible to create a fork without the tax. The tax concept on mining is ludicrous anyways.

It seems like bitcoin sidechains that are open sourced will always be forked from one "inefficient" form of money to another.  So to create the best coin you have to make it appealing for all users.

Correct, that's a benefit of a free market.

[pereira4]

Do you really think Zclassic is going anywhere? It seems like another pump and dump scheme just like Ethereum Classic was. What happened to Ethereum Classic? it just keeps deflating, there's nothing new under the sun, unfortunately people are sheep and will follow whatever vbuterin does.

[NeuroticFish]

Do you really think Zclassic is going anywhere? It seems like another pump and dump scheme just like Ethereum Classic was. What happened to Ethereum Classic? it just keeps deflating, there's nothing new under the sun, unfortunately people are sheep and will follow whatever vbuterin does.

I'd say that the correct way to put things up is "ZCash is going nowhere" (founders' tax, flawed anonymity).
The market clearly shows that. As long as the hype lasts and the mining is still profitable, people will .. profit.
Then some will go forward happily and some will be left with worthless coins.

Now, ZClassic is another story. It inherits one of the flaws and it may not be profitable for the miners.
Some cry it's a scam, it doesn't have legitimacy and so on. But it's another dev.
What he will do with his code, it's up to him. He may make a new success, he may not. I am rather skeptical...

[unamis76]

I don't think this applies to Bitcoin in any way or shape... Should probably be on altcoins. Unless Satoshi's coins are the mining tax haha (bad joke, I know)

[Lauda]

Do you really think Zclassic is going anywhere? It seems like another pump and dump scheme just like Ethereum Classic was. What happened to Ethereum Classic? it just keeps deflating, there's nothing new under the sun, unfortunately people are sheep and will follow whatever vbuterin does.

Neither one of those are the primary targets of this topic though.

I don't think this applies to Bitcoin in any way or shape... Should probably be on altcoins. Unless Satoshi's coins are the mining tax haha (bad joke, I know)

Rootstock is supposed to be a Bitcoin sidechain with smart-contracts. Exactly how is this not relevant to Bitcoin Discussion?

[unamis76]

I don't think this applies to Bitcoin in any way or shape... Should probably be on altcoins. Unless Satoshi's coins are the mining tax haha (bad joke, I know)

Rootstock is supposed to be a Bitcoin sidechain with smart-contracts. Exactly how is this not relevant to Bitcoin Discussion?

Depends on personal views and moderation views on sidechains, to each their own

[Lauda]

Depends on personal views and moderation views on sidechains, to each their own

No, not really. Sidechains are different from your standard altcoins and were introduced as a concept for scaling Bitcoin (by several Bitcoin developers). As said, Rootstock is supposed to be directly pegged to Bitcoin to enable smart contracts.

[FruitBucket]

If I understand correctly RSK allocates a certain percentage of mining back to dev funding. 

As I was not aware of this, could you please add a source?

I am also not aware of this. If this is true than I think a lot of Rootstock supporters would change their minds on the project. Can you please add a source?

[BitcoinNewsMagazine]

If I understand correctly RSK allocates a certain percentage of mining back to dev funding. 

As I was not aware of this, could you please add a source?

I am also not aware of this. If this is true than I think a lot of Rootstock supporters would change their minds on the project. Can you please add a source?

From the Rootstock blog:

At the same time, we decided to contribute back to the Bitcoin network by providing its miners the opportunity to merge-mine RSK and use all their installed capacity to validate decentralized smart contracts. In return, they will protect the RSK blockchain. As a result, every time a person or a corporation runs a smart contract on RSK, 80% of the fuel paid goes to the miners and the remaining 20% to RSK Labs, so we can continue the development of the open source platform.

Just stating to learn about Rootstock but I believe fuel is equivalent to gas used in Ethereum.

[Wind_FURY]

Is there really a need for a smart contract platform for Bitcoin? What would be the possible use cases for these and what markets would it possibly serve? The other question is would it be cheaper and more efficient to run services as a smart contract?

[CarloVetc]

Do you really think Zclassic is going anywhere? It seems like another pump and dump scheme just like Ethereum Classic was. What happened to Ethereum Classic? it just keeps deflating, there's nothing new under the sun, unfortunately people are sheep and will follow whatever vbuterin does.

There is so much in the pipeline for ETC. A lot of research is needed before moving forward but the community is very excited about the future.

[malefice]

If RSK is open source wouldn't it be possible to fork the code and remove this "tax" on mining? 

Rsk is not open source, and because of this adoption will not be exciting. Opportunity to create a competitor. With better revenue model

[jacaf01]

Is there really a need for a smart contract platform for Bitcoin? What would be the possible use cases for these and what markets would it possibly serve? The other question is would it be cheaper and more efficient to run services as a smart contract?

I don't think it will be cheaper than other competitor but I think it will be more secure than others because of the level of mining power behind Bitcoin network

[ttookk]

I don't know, I always view these "fork of X without developer fee" thing as a little… well, shady, to be honest. The point is, that everyone wants to be rewarded for their hard work. I get that, and I think it is totally legitimate. The question is: How much is enough, how much is too much? That's a difficult question without real answer.

But any way your stance on developers funds is, here is what bothers me about those forks: they are inherently parasitic. I'm not saying that it's a given and that every single one of them is that way, but don't you think ,that once Zcash implements a major improvement, Zclassic will copy it? And don't you feel a little uneasy about it? I certainly do.

The thing is, I don't want to live in a world, in which original creators are not getting paid for what they come up with. Because 1.: if they don't get paid, they might stop working on new projects and improvements. You can't eat fame. And 2.: they might decide to work for people (or rather companies) that are willing to pay them. Personal ethics only got so far. They might stop at an empty fridge.
EDIT: I forgot 3.: it feels right. seriously, everyone is getting paid for their jobs.

So, I think there has to be some system in place to reimburse them for their hard work. In a perfect world, a donation based system would be perfect. But people are greedy. I get that.

Apart from all that, instead of a fork, I'd rather see some original ideas coming up, going at the same problem from a different angle. I try to think about something like that aloud here:

https://bitcointalk.org/index.php?topic=1689947.0

The obvious (non-technical) problem is, that there is no money to be made…

[Kaznachej123]

Announcement >> RSK Bamboo Release v0.4.1 Is Here -  https://twitter.com/RskSmartNetwork/status/976153341557444608
More information read on Official Blog RSK:   https://media.rsk.co/bamboo-release-v0-4-1-is-here