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Years into the great Bitcoin scaling debate no solution is in reach. Neither bigger blocks nor Segregated Witness have anywhere near consensus support. With the conflict escalating, a Bitcoin fork has become a real possibility.
Electrum Developer Thomas Voegtlin joined us to discuss the state of the Bitcoin scaling debate. We discussed Bitcoin Unlimited, ASICBoost, SegWit activation without miner support and how a Bitcoin fork could play out. Possible outcomes include that Bitcoin Unlimited gains a majority of hashing power and starts mining bigger blocks. In the event of a fork, a proof-of-work change could be done to defend the minority chain from miner attacks. And lately a proposal was brought forward to activate SegWit without the support of the hashing power.
Topics discussed in this episode:
ASICBoost and its potential role in the conflictHow a Bitcoin fork could happenHow to split coins in case of a forkHow UASF could be used to activate SegWit without miner supportRequirements for UASF to be safeHow Electrum would handle a fork Episode links:
Electrum Bitcoin Wallet ASICBoost – Hacker Noon Bitcoin's New Controversy: The AsicBoost Allegations Explained - CoinDesk Timo Hanke on ASICBoost and SegWit Non-Activation From AsicBoost to UASF: Greg Maxwell on Bitcoin's Path Forward - CoinDesk [bitcoin-dev] Thomas Voegtlin: Soft Fork Threshold Signaling Proposal UASF Working Group [bitcoin-dev] Greg Maxwell: I do not support the BIP 148 UASF Thomas Voegtlin: Electrum, SPV Wallets And Bitcoin Aliases — Epicenter This episode was hosted by Brian Fabian Crain & Sébastien Couture, and is availble on YouTube, SoundCloud, and our website.
