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Author Topic: Buterin Defends Hard Forks, Adding Heat to Bitcoin Scaling Debate  (Read 427 times)
bitlamp
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March 27, 2017, 07:16:50 AM
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https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81MWY2YTYyODIyYjUxMzhlMjViMGEyNDhhM2UxZWU4MC5wbmc=.jpg

Ethereum co-founder Vitalik Buterin has summarized the implications of soft and hard forks amid growing tensions surrounding Bitcoin’s future.

“...There is an essential difference between hard forks and soft forks: hard forks are opt-in, whereas soft forks allow users no “opting” at all,” he wrote earlier this week.

The Bitcoin price was under downward pressure Friday as the community awaits Chinese regulatory announcements and indecisiveness over SegWit and Bitcoin Unlimited continues.

After Unlimited succumbed to a bug earlier in the week, rhetoric between the opposing sides became even harsher.

On the technical side, however, Buterin was frank about the praise and criticism leveled at the technology each represents. SegWit is a soft fork, while Unlimited is a hard fork.

“Proponents of hard forks are often derided as trying to effect a ‘hostile takeover’ of a network and “force” users to go along with them. Additionally, the risk of chain splits is often used to bill hard forks as ‘unsafe,’” he said.

Quote
“It is my personal viewpoint that these criticisms are wrong and furthermore in many cases completely backwards.”

Within Bitcoin, meanwhile, commentator Vinny Lingham also published thoughts on the forking solution Wednesday, taking a different tone to Buterin.

“If we all just breathe out and put aside our differences and emotions (even just for a while), let’s accept that doing a hard fork right now is NOT in the best interest of Bitcoin and let’s please just adopt Segwit,” he wrote.

https://cointelegraph.com/news/buterin-defends-hard-forks-adding-heat-to-bitcoin-scaling-debate
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dinofelis
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March 27, 2017, 12:23:13 PM
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Ethereum co-founder Vitalik Buterin has summarized the implications of soft and hard forks amid growing tensions surrounding Bitcoin’s future.

“...There is an essential difference between hard forks and soft forks: hard forks are opt-in, whereas soft forks allow users no “opting” at all,” he wrote earlier this week.

--> he is right.  He also tried to force people's hands with a soft fork, and when that was a technical disaster, he conceded a hard fork, and ETC was born Smiley

Quote
“Proponents of hard forks are often derided as trying to effect a ‘hostile takeover’ of a network and “force” users to go along with them. Additionally, the risk of chain splits is often used to bill hard forks as ‘unsafe,’” he said.

Quote
“It is my personal viewpoint that these criticisms are wrong and furthermore in many cases completely backwards.”


Well, if there's one thing one can say about Vitalik, is that at least, he knows the basic dynamics of crypto well Smiley
Something that cannot be said about many bitcoiners...

With a hard fork, the market chooses.

With a soft fork, a majority of miners imposes their view on the whole community.
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March 27, 2017, 02:40:37 PM
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Well, he has managed to prove that Ether and ETC can co-exist.

It tanked for a few months after the hard-fork - but it's back again, and both coins have some value, so perhaps all the anguish about the bitcoin fork is also misplaced. There will be a small hit to the price, and then it will just carry on.

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March 27, 2017, 02:55:52 PM
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Every time Vitalik Buterin name comes up or he has something to say i stop to listen.  All the DAO , white hat , black hat bullshit for the alien and his team to scam people made me lose respect for him and his team long time ago
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March 27, 2017, 03:02:31 PM
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That kitchen cuttlery in his hand seems starting to become iconographical for him Smiley
Found another gold nugget on Twitter:
Quote
Q: Why does Jihan Wu keep a pair of chopsticks in his pocket?
A: In case his fork fails.

Maybe Altcoiners are just more used to forks, and Bitcoinmaximalists have gotten all tight about them. I say: Do the fork, and solve the goddamn bottleneck for heavens sake!
The Crypto Baron
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March 27, 2017, 07:01:59 PM
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Every time Vitalik Buterin name comes up or he has something to say i stop to listen.  All the DAO , white hat , black hat bullshit for the alien and his team to scam people made me lose respect for him and his team long time ago

Why do you think Vitalik scammed people?

dwgscale11
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March 27, 2017, 07:14:24 PM
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Every time Vitalik Buterin name comes up or he has something to say i stop to listen.  All the DAO , white hat , black hat bullshit for the alien and his team to scam people made me lose respect for him and his team long time ago

Why do you think Vitalik scammed people?

72 million premined...
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March 27, 2017, 08:53:53 PM
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He has a hell of a lot more than that to "defend"
Like his fortune he dumped.. and how he go it.

FUD first & ask questions later™
The Crypto Baron
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March 27, 2017, 09:53:42 PM
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Every time Vitalik Buterin name comes up or he has something to say i stop to listen.  All the DAO , white hat , black hat bullshit for the alien and his team to scam people made me lose respect for him and his team long time ago

Why do you think Vitalik scammed people?

72 million premined...

Ah.  You must REALLY hate DASH then, LMAO

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