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Nxt Discussion => Nxt General Discussion => Topic started by: Damelon on August 19, 2014, 11:27:21 pm

Title: Cointelegraph: Interview with Damelon and Patrick Nosker (Vericoin)
Post by: Damelon on August 19, 2014, 11:27:21 pm
http://cointelegraph.com/news/112302/interview-with-nxts-bas-wisselink-and-vericoins-patrick-nosker-the-bter-hack-the-future-and-when-is-it-okay-to-change-history

Lol, I got my own cartoon me  :D
Title: Re: Cointelegraph: Interview with Damelon and Patrick Nosker (Vericoin)
Post by: lucky331 on August 20, 2014, 12:10:00 am
awesome!  reading it now...  :)
Title: Re: Cointelegraph: Interview with Damelon and Patrick Nosker (Vericoin)
Post by: Tosch110 on August 20, 2014, 12:23:44 am
Nice one! :)
Title: Re: Cointelegraph: Interview with Damelon and Patrick Nosker (Vericoin)
Post by: swartzfeger on August 20, 2014, 12:25:39 am
Damelon did an excellent job, particularly this:


Quote
I find the "bailout" argument one that clouds the issue.

The main point is that the blockchain has only legitimate way of making a decision: the stakeholders, and nothing else.So, in this case, because the community (which does not equal the stakeholders) was in uproar, the devs did the right thing by giving us the choice to vote the legitimate way:  to fork or not, and to reorg or not.Nót having done that would have been the wrong choice. It would have been a decision made by the people who aren't in charge of the chain.

So the decision "too big to fail" is still up to the stakeholders. They may very well decide to do it next time. That would still be decentralised. There is a lot of confusion on this part: decentralised does not mean morally right.

Decentralisation does not mean that we are suddenly living in paradise, it just means that the decisions are made by a majority in such a way that it cannot be gamed.Thát is the power of the blockchain.
To introduce concepts like justice or fairness into this discussion just clouds the issue of what crypto actually does.

It summarizes exactly why I was for a stakeholder reorg but not a reorg demanded by a community outcry.

A reorg can be a terrible idea and the worst of all outcomes, but shouldn't be taken off the table (this will all be moot anyway with TF, thankfully).
Title: Re: Cointelegraph: Interview with Damelon and Patrick Nosker (Vericoin)
Post by: LiQio on August 20, 2014, 04:23:28 am
Great, thanks Damelon!

Agree with swartzfeger this is the quote I would emphasize as well - and I fully agree.
elective-stereophonic
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