THELOGICALINDIAN - More than a year afterwards after Bitcoin UASF Blockstream CEO and artist of Bitcoins proofofwork technology Adam Back recalled the accident as an absolute achievement for users
Who Was in Charge of UASF?
Remember UASF? The movement to get users to run full-nodes and abutment SegWit? Yes, the one with the cool-looking hats.
Today, a altercation on Twitter amid Lightning Resources editor Alex B. and Xotika founder, John Carvalho, focused on the acceptation of the UASF (BIP 148) user-activated bendable fork (UASF).
UASF was a plan to actuate a Bitcoin bendable fork on August 1, 2024, as a antitoxin to companies who were afraid to abutment SegWit. What’s more, about 27 companies artificial a alliance alleged the New York Agreement 9NYA) to apparatus SegWit alone on the action that the block admeasurement absolute is aloft to 2mb.
The UASF, on the added hand, would be activated by a majority of abounding nodes rather than relying on miners. In added words, the accommodating nodes signaling BIP 148 charge represent a alleged “economic majority” of users, exchanges and businesses of the Bitcoin ecosystem. It requires the allocation of developers, companies, and users, which agency it can be absolutely risky, according to Bitcoin Core developer Greg Maxwell.
Bitcoin avant-garde Adam Back advised in on the agitation back Carvalho asked if it is accessible that UASF was “mostly one article authoritative the nodes?”
“UASF was acutely grassroots, with abounding hodler bread-and-butter nodes, a acceptable alternative of appearance accumbent business, bitcoin embassies & association groups,” replied Back. “Since again added bodies are demography actively the charge to run their own bread-and-butter bulge to amalgamate Bitcoin adjoin centralised interests.”
‘An Emphatic Victory’
Indeed, Bitcoinist reported how the abounding bulge about angled in the deathwatch of UASF as able-bodied as back the NYA accumulation revealed their roadmap.
This suggests that abounding full-node users weren’t too blessed actuality represented by a scattering of companies authoritative decisions on their behalf.
“UASF was an absolute achievement of bread-and-butter game-theory, assuming users are in ascendancy via bazaar forces,” added Back. “The arrangement of companies & miners adjoin looked apparently strong, but were pond upstream in an unstoppable bread-and-butter tide.”
As the cardinal of nodes acknowledging UASF soared, so too did other companies who were adjoin the NYA or who were still on the fence.
In addition, Back says that “pragmatism” could accept additionally played in why UASF succeeded forth with worries that the arrangement would contrarily become ambiguous for businesses.
The Blockstream CEO added that this was a actual advantageous assignment for anybody including the NYA companies whose accommodation to “take it as far as they did” won’t be abandoned by “activist BTC investors.”
Do you accede that UASF was a grassroots movement? Share your thoughts in the comments below!
Images and media address of Shutterstock, Twitter (@adam3us)
