RE: What happens when you don't do what Justin Sun wants

avatar

You are viewing a single comment's thread:

If we implemented a Peakd.com for Bitcoin Cash, could this happen? The account system will by its nature link account names to BCH addresses. Miners could decide to filter transactions based on which bitcoin addresses are linked to said account. I am not saying they would, it is a thought experiment. Although if they block transactions they do not get paid for that transaction's fee, which wouldn't really hurt a mining pool in the short-term but believers of BCH would change their minds after something like that.

Could such a patch work against owners of Monero or Grin? I have read up on Monero and I think such a patch could work against Monero users. I don't know enough about Grin to comment on this. I don't understand how IOTA could have been "paused." I read about this happening. It seems to me DAG or IOTA should be immune to this problem but if it has been paused I don't really understand how it works.



0
0
0.000
3 comments
avatar

If we implemented a Peakd.com for Bitcoin Cash, could this happen?

I don't understand what you mean. Bitcoin (and derivative) blockchains are not ideal for posting large amounts of data / text transactions. Why can't people just use hive?

It's also extremely hard to develop cross-blockchain interactions in a secure way.

0
0
0.000
avatar

Let me ask you something a little different then. Suppose some party had his identity linked to some bitcoin cash address. Couldn't a soft-fork be used to freeze his funds as been done here? I do think it could be. Making this impossible should be the goal of every future blockchain project.

The motivations for miners are different than that of Witnesses. No Bitcoin miner would feel threatened should the Satoshi coins start moving. They could still sell the coins for money and profit for electricity. For Satoshi to become a miner he/she/they needs to invest new capital into ASICs (unless he has one). The bitcoins Satoshi has doesn't let him generate new coins or control consensus.

0
0
0.000
avatar
(Edited)

Suppose some party had his identity linked to some bitcoin cash address. Couldn't a soft-fork be used to freeze his funds as been done here?

Yes, but it would require a large portion of PoW miners to conspire to censor transactions. That's unlikely because censored users could also increase their transaction fees to tip the miner incentives.

This is more likely to occur on Bitcoin Cash than Bitcoin, because Bitcoin Cash is choosing a path of greater miner centralization. Bitcoin is God... for now.

0
0
0.000