3 ms·
It isn't true that they have no recourse. The miners can simply refuse to upgrade, or people can make new forks of their own. That is the best kind of oversight
by darawk 10y ago
It isn't true that they have no recourse. The miners can simply refuse to upgrade, or people can make new forks of their own. That is the best kind of oversight - the ability to fork the currency.
- abritinthebay 10y agoWhich dilutes it's utility, marketplace, and value. Not a great idea for a currency.
- darawk 10y agoHow does it do any of those things? Provided a fork is sufficiently rare, as it should be, because the threat of a fork is enough to mostly keep it from happening - it should have minimal impact on any of those things. You could equally say that the threat of collapse of the US government dilutes the utility, marketplace and value of the US dollar. Sure, it's true, but it's irrelevant.
- abritinthebay 10y agoWell yes, if they don't actually fork it's not a problem. If people DO and do it more than once then it is. You're... kind of agreeing with me here. The reason a threat of a fork works is because it had the results I mentioned.