The UASF Contradiction

02 Nov 2017

A hashrate-majority can easily defeat a UASF. Moreover, they can do so without inviting retaliation, because upgrades do not generalize from the particular to the universal. The UASF is not only ineffective, but it can also result in loss-of-funds.

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The MAHF And Replay "Protection"

02 Nov 2017

A MAHF should shun replay protection, and instead try to replay everything. With >51% hashrate, this is easy to do. Miners can defeat full nodes, and upgrade the network via Hard Fork, if and only if investors are on their side. Miners’ expected profits are maximized if they follow the advice of futures markets as a source of robust, decentralized, and accurate advice.

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More Terminology -- Forks and Splits

02 Nov 2017

While the word “fork” would appear to be synonymous with “split”, they are in fact completely different and mutually exclusive. Splits are bad for blockchains, because they “un-blockchain” them.

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