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All of this is noise. The opinion that counts is the miners: if the four largest mining pools go for it, it happens; if they don't, it fails.
by davidgerard 11y ago
All of this is noise. The opinion that counts is the miners: if the four largest mining pools go for it, it happens; if they don't, it fails.
- lambda 11y agoMmm, no. If the four largest mining pools go for it, but the various exchanges and online wallets do not, then you get a very dangerous fork where you now have two separate currencies, and have the possibility of double spends. The nodes that are not updated to allow these larger block will keep on going along with their chain, just rejecting the other chain as invalid; and the ones that do accept the larger blocks will probably see their chain as longer and so only accept that one. That fork means that until all of the online wallets, exchanges, and anyone accepting Bitcoin directly realize that there are now two different currencies, all kinds of fun can be had with double spending.
- AJ007 11y agoShould we assume any update that "fixes" the mining pool problem will be rejected by the pools? If so is a dangerous fork of Bitcoin certain?