Happy NY “Disagreement” Day #Bitcoin

May the spirit of GFY live on forever.

“On this day in 2017, at the height of the Blocksize Wars, a select group of powerful miners, businesses, and figures in the Bitcoin industry under an intiative by the Digital Currency Group, had a meeting that later came to be called the "New York Agreement." They believed that their combined market, hashing, and social power allowed them to make the decision to unilaterally push a hard fork to increase the Bitcoin blocksize despite virtually no support from the large development community and a significant portion of Bitcoin's user base. This was the beginning of what was called the SegWit2X proposal and the first major attempt to change the consensus rules of the network through attempted dominance of the hash power. After the success of the UASF, support dwindled as the deadline came closer, and the lack of developer support & talent resulted in a major bug causing the forked network to immediately grind to a halt upon execution due to an "off-by-one" bug. The SegWit2X chain never produced a block.

• Celebrate by committing to something at the beginning of the day, and then back out at the last minute 🤣”