4 ms·
Authority in Bitcoin comes from hashing power not by credentials or anything else. Go and convince the Chinese mining pools to adopt someone's fork. These are
by narrator 11y ago
Authority in Bitcoin comes from hashing power not by credentials or anything else. Go and convince the Chinese mining pools to adopt someone's fork. These are the guys spending >$50k a month on electricity and millions of dollars in mining gear. You can also go start collecting Dogecoin or Ethereum or start your own crypto currency. Nobel Prize winner F.A Hayek in his book "The Denationalization of Money" suggested that in the future there should be multiple competing currencies anyway, not one uber currency to rule them all.
- Nutomic 11y agoThat's exactly what we're doing. Here's a chart for Bitcoin Classic blocks mined: https://coin.dance/blocks/classic https://coin.dance/blocks/classic
- chx 11y agoWhat an uninformed amateur sees from this page is ... utter chaos in Total Miner Support by Proposal. BIP 100 leads but the BIP repo linked doesn't contain such a BIP, the link is broken. 8MB doesn't even have a link. The four of them together managed to convince 27% to change to something and 3.8% for classic is the last.