What is a UASF?

[LiteCoinGuy]

UASF stands for User Activated Soft Fork. It’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. A UASF requires a lot of industry support and coordination, which is good practice for eventual hard forks which requires even more industry coordination. In the past, a UASF was successfully carried out to activate the P2SH soft fork (BIP16).

http://www.uasf.co/


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[jarda.logger]

While I think UASF is nice idea, it is kinda rushed - August 1st is near. BIP8 draft looks better to me.
More about it: https://lists.linuxfoundation.org/piper ... 14219.html

[BitcoinXio]

My thoughts on UASF copied from my own comment on reddit:

UASF is fun, as it gives some users what they want. But the problem with UASF is that it's completely exploitable and untrustworthy; once you introduce UASF as a way to change the Bitcoin protocol, you can then say let's UASF the 21m coin limit, etc. The only way to truly determine change and trust it is through PoW: https://www.reddit.com/r/btc/comments/6 ... _making_a/

[thoughtfan]

What's interesting for me is that both sides of the argument appear to believe the instigators for their plan are the 'right' people to be making a change - and the terminology often used is that the other side will be forced to follow otherwise they'll lose out. Thing is, neither will a miner-instigated hard fork nor an 'economic majority' instigated UASF succeed without ending up in a contentious (and possibly long, drawn-out battle) unless enough of the 'other side' also play along.

At the end of the day, whoever goes for it first needs to be confident that enough users and miners will come with them for it to work. If it fails though, don't be blaming the other side! In that case, I guess we could say the instigators either misjudged or did not mind the fork splitting. I'm good to ride it out, would not bet either way in the event of a split (selling coins on one fork to buy the other).

One thing that pleases me in my attitude is I've stepped away from involvement in the bitterness and anger and accusations that appears to be dominating the discussion.

[bitkilo]

While I think UASF is nice idea, it is kinda rushed - August 1st is near. BIP8 draft looks better to me.
More about it: https://lists.linuxfoundation.org/piper ... 14219.html

I think you got it right by saying "it's a nice idea but it is kinda rushed" . We still have time, this is not going to impload if we don't activate Segwit this week/month/year.
Gregory Maxwell said it well as quoted from this article: https://lists.linuxfoundation.org/piper ... 14152.html

We should have patience. Bitcoin is a system that should last for all
ages and power mankind for a long time-- ten years from now a couple
years of dispute will seem like nothing. But the reputation we earn
for stability and integrity, for being a system of money people can
count on will mean everything.