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The white paper goes into the issue to some extent with the "longest chain wins" method, which is effectively, hash power based voting for bitcoin software. (th
by MCRed 11y ago
The white paper goes into the issue to some extent with the "longest chain wins" method, which is effectively, hash power based voting for bitcoin software. (the software with the most hash power wins.)
- Lawtonfogle 11y agoAnd since hash power correlates with wealth, this means the wealthiest (who care enough to hash) win.
- kleer001 11y agoGood point. And I would have given more credit to the article if they had mentioned that.