KYCpoll – Coinbase Know Your Customer Bitcoin Scaling User Poll?
Bitcoin Core and Bitcoin Knots developer Luke Dashjr has launched a scaling poll to get a definitive answer on the real opinion of the bitcoin community.
The poll is only accessible to those with Coinbase identity verification.
Obviously, the bitcoin community is in turmoil over polls released over the past few weeks. Some polls are biased. Some polls aren’t representative of the full bitcoin community. Some forums are censored. It’s becoming increasingly difficult to determine the “real” opinions of the bitcoin community in regards to the ongoing scaling debate.
This latest KYCPoll on Coinbase is designed as a solution to this problem – even if it’s not totally perfect.
Bitcoin’s ongoing scaling debate has reached a point of frenzy. Several scaling proposals are scheduled to be activated within a few weeks. Some of those proposals will be adopted by miners and users, while others will not. This could lead to a split in the bitcoin community, or even multiple types of bitcoin – similar to what happened with Ethereum and Ethereum Classic.
The reason there’s such a frenzied debate is because there’s no agreement on the best single path forward. All scaling solutions claim to have support of the community. They each cite different polls to confirm this community support.
That’s why Luke Dashjr decided to create a poll.
“It’s obviously not perfect, because not everyone uses Coinbase,” Luke said in an interview with Bitcoin Magazine. “But it’s one more useful source of data.”
Luke’s KYCPoll isn’t the first poll to gauge user sentiment. We’ve seen polls scattered across Twitter and the internet over the past few months. Despite the large number of polls, little consensus has been formed. Fiery debates are raging across Reddit and other forums.
One of the problems with previous polls is that they’re liable to be influenced by “Sybil attacks”, where votes are skewed by thousands of users with fake identities. These attacks can be – and have been – used to skew a vote in favor of a particular outcome.
How Does Luke’s KYCPoll Work?
Luke’s solution is to use an API offered by Coinbase, the platform responsible for holding more funds than virtually any other platform in the industry.
“I used Coinbase's ‘OAuth2 API’, a way for third party websites to interact with other secure sites. Though I had to use an older version of the API as well as the newer version, which is why users need to login twice.”
Using this API means that only users with a proven, verified identity can vote on KYCPoll. KYC, by the way, stands for Know Your Customer, and is used by bitcoin exchanges to abide by modern baking regulations.
Ultimately, KYCPoll is not binding in any way. It’s also not representative of the entire bitcoin community, since it only polls Coinbase users. However, given these shortcomings, it may still be the best polling system we have for determining the future of bitcoin.
Dashjr is also careful to note that he’s not a web developer. This is just a side project, so the poll may not even be 100% secure.
In any case, you can view the poll results or vote yourself by visiting the KYCPoll. You can also view a discussion of the KYCPoll results in Reddit.