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authorMatt Corallo <lf-lists@mattcorallo.com>2021-04-06 20:46:16 -0400
committerbitcoindev <bitcoindev@gnusha.org>2021-04-07 00:46:20 +0000
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Re: [bitcoin-dev] Response to Rusty Russell from Github
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+Message-ID: <a496407f-f58c-8099-355b-e32e4e97c6cb@mattcorallo.com>
+Date: Tue, 6 Apr 2021 20:46:16 -0400
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+To: Rusty Russell <rusty@rustcorp.com.au>,
+ Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>,
+ Jeremy <jlrubin@mit.edu>
+References: <CAD5xwhh=E00DVxqhZc7gDTBXtA-_HgybEaP_ysnA4n6AAVbWsA@mail.gmail.com>
+ <87o8esja94.fsf@rustcorp.com.au>
+From: Matt Corallo <lf-lists@mattcorallo.com>
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+Subject: Re: [bitcoin-dev] Response to Rusty Russell from Github
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+
+I'm somewhat gobsmacked that this entire conversation hasn't included the word "market" in it at all. If there's one
+thing we can all agree we learned from Segwit2x, BCH, BSV, BU, etc, its that, ultimately, the market decides. Not only
+does the market decide, but there's lots of money to be made by being the market maker or operator letting the market
+make its voice heard. There is nothing we can, or should, do to ensure the market can make its voice heard - it always will.
+
+We don't need to bend over backwards to make sure individual users are forced to try to form consensus among themselves
+via options or chain splits, we can just let the market decide. Within reason, the market will probably decide "yep,
+what the brains are doing looks good, Bitcoin needs to stay in consensus, no point in trying to nitpick something or
+we'll never come to consensus about anything". If what's being proposed is ever disagreed with by some small-ish but
+nontrivial group, futures markets are going to decide the fate of the system no matter what the consensus rules or
+activation method is, why do we need to do very much else?
+
+Matt
+
+On 4/6/21 00:40, Rusty Russell via bitcoin-dev wrote:
+> Jeremy via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> writes:
+>> Where I disagree is that I do not believe that BIP8 with LOT configuration
+>> is the improved long term option we should ossify around either. I
+>> understand the triumvirate model you desire to achieve, but BIP8 with an
+>> individually set LOT configuration does not formalize how economic nodes
+>> send a network legible signal ahead of a chain split. A regular flag day,
+>> with no signalling, but communally released and communicated openly most
+>> likely better achieves the goal of providing users choice.
+>
+> You're ignoring the role of infrastructure. It's similar to saying that
+> there is no need for elections: if things are bad enough, citizens can
+> rise up and overthrow their government.
+>
+>> 1. Developers release, but do not activate
+>> 2. Miners signal
+>> 3. Users may override by compiling and releasing a patched Bitcoin with
+>> moderate changes that activates Taproot at a later date. While this might
+>> *seem* more complicated a procedure than configurable LOT, here are four
+>> reasons why it may be simpler (and safer) to just do a fresh release:
+>
+> Users may indeed, fire the devs and replace them, as this implies. This
+> is not empowering users, but in effect risks reducing their role to "beg
+> the devs or beg the miners".
+>
+>> A. No time-based consensus sensitivity on when LOT must be set (e.g., what
+>> happens if mid final signal period users decide to set LOT? Do all users
+>> set it at the same time? Or different times and end up causing nodes to ban
+>> each other for various reasons?)
+>
+> Yes, this Schelling point is important. If you read BIP-8, you will see
+> that LOT=true activates at the last moment for this very reason.
+>
+>> B. No "missed window" if users don't coordinate on setting LOT before the
+>> final period -- release whenever ready.
+>
+> Of course there is: they need to upgrade in time.
+>
+>> C. ST fails fast, permitting users ample time to prepare an alternative
+>> release
+>
+> You'd think so, but given the confusion surrounding Segwit, it seems a
+> year was barely time to debate, decide and coordinate. You want this
+> ready to go at the *beginning* of the 1 year process, not being decided,
+> debated, build and deployed once the crisis is upon us. That existing
+> deployment is a vital stake in the calculus of those who might try to
+> disrupt the process for any reason.
+>
+>> D. If miners continue to mine without signalling, and users abandon a
+>> LOT=true setting, their node will have already marked those blocks invalid
+>> and they will need to figure out how to re-validate the block.
+>
+> This is true, in fact, of any soft fork: a Luke points out, our lack of
+> revalidation of blocks after upgrade is a bug. Which should be fixed:
+> IMHO a decent PR to make LOT runtime configurable would reevaluate any
+> blocks >= timeoutheight-2016 when it is altered.
+>
+>> RE: point 3, is it as easy as it *could* be? No, but I don't have any
+>> genius ideas on how to make it easier either. (Note that I've previously
+>> argued for adding configurable LOT=true on the basis that a user-run script
+>> could emulate LOT without any software change as a harm reduction, but I
+>> did not advocate that particular technique be formalized as a part of the
+>> activation process)
+>
+> BIP-8 (with the recent modifications to allow maximal number of
+> non-signalling blocks) is technically as fork-preventative as we can
+> seek to make it.
+>
+> I am hopeful that our ecosystem will remain harmonious and we won't have
+> to use it. But I am significantly more hopeful that we won't have to
+> use it if we have it deployed and ready.
+>
+> Cheers,
+> Rusty.
+> _______________________________________________
+> bitcoin-dev mailing list
+> bitcoin-dev@lists.linuxfoundation.org
+> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
+>
+