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Bitcoin core developers ready to switch algorithm, obsoleting all current miners

• wmf 11y ago
  This looks like alarmism based on one person speaking hypothetically. Update: The term "core developer" is becoming confusing, because this thread is talking about a future scenario where Bitcoin == Bitcoin Classic and Bitcoin Core becomes the minority chain. Being a minority, it probably would be safer for Core to change algorithms to prevent 51% attacks, but the practical impact would be minimal since Core would probably be worthless at that point.
  • milkey_mouse 11y ago
    Well, it certainly succeeded at alarming me.
  • the_rosentotter 11y ago
    Depends on how hypothetical you consider the proposed hard fork is. On paper the majority of miners and most major bitcoin companies are ready to switch: https://forum.bitcoin.com/bitcoin-discussion/72-of-miners-have-stated-support-for-bitcoin-classic-as-of-16-jan-2016-t4892.html https://forum.bitcoin.com/bitcoin-discussion/72-of-miners-ha... And that 'one person' is arguably the most influential core developer, given that four other core developers work for his company.
    • deleted 11y ago
      [deleted]