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Bitcoin Core Dev Jeff Garzik: Softforks Are a Rule by a Tiny Elite

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Jeff Garzik

Jeff Garzik

Jeff Garzik, a core bitcoin developer who formerly worked as Principal Software Engineer during RedHat before withdrawal to work full time on bitcoin development, settled in a open video that softforks are a order by a “tiny, few technocratic elite.”

The speak addressed a downsides of segwit “since usually a upsides are promoted heavily,” by firstly arguing that steady soothing forks are steady collusion.

Garzik states:

“Repeated softforks are steady agreements, a certain collusion, of these little few, to change a manners that a whole network is sealed in.”

Garzik states that node operators and businesses do not opt-in to a soft-fork, instead, a whole network is sealed in as usually miners need to upgrade. Non-upgraded nodes are left with reduce security, according to Garzik, and they serve need to trust miners and mining pools, undermining bitcoin’s trustlessness.

Segwit – The First Economic Soft Fork

Garzik states that a facilities segwit delivers are a “foundational change that enables other changes.” Although it has benefits, such as addressing transaction malleability and UTXO costs, Garzik

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