TD₿: UASF (a video) by Max Keiser and Stacy Herbert
TL;DR The UASF marked the end of the Blocksize War that proved users control the network, not powerful miners, exchanges or developers.
Hey Bitcoiners,
The Blocksize War was waged between 2015-2017. It was a fight over who controlled the rules of Bitcoin’s protocol.
It marked a pivotal moment in Bitcoin’s history because it proved once and for all that users of the Bitcoin network controlled the protocol, not powerful miners, exchanges, or developers.
The Blocksize War was important because the end result was Bitcoin would not increase its block size, thus prioritizing its decentralization over efficiency.
Not only that, but it showcased Bitcoin’s resiliency as it was able to overcome a coordinated attack to change its rules and prevailed.
The resolution of the Blocksize War happened when BIP 148 was activated which was a User Activated Soft Fork (UASF) that allowed every node to decide what the rules of Bitcoin were to them.
Max Keiser and Stacy Herbert discuss the impact of the UASF and the Blocksize War in this video (06/09/2019).
Ultimately…it was the users and community who decided the future of Bitcoin, and they chose that small blocks and decentralization should be prioritized.
This was one of the biggest challenges Bitcoin has ever faced, and it came out of the war stronger than ever.
Tick tock next block,
Cory Klippsten
Sign up for Swan and receive $10 in free Bitcoin today.
Quote of the Day
“In Bitcoin, the users decide. You run the software you choose. We can opt-out of contentious changes or forced consensus.” - Samson Mow, CSO at Blockstream
Meme of the Day
Yeeeehaw