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If they want them to happen the Core Development team can't do anything to stop it. They can huff and puff but if everyone moves to another fork they lose all

If they want them to happen the Core Development team can't do anything to stop it. They can huff and puff but if everyone moves to another fork they lose all power. So if every major company and mining pool really wants it why haven't they gone around the core developers and coordinated a move?

stale2002 10y ago
Yes they can do things to stop it. They can refuse to update core. They can say that they have 10% of the mining power and threaten to not move over to the hard fork. Basically, they can scare people into thinking that there is going to be two separate, competing chains. This would cause prices to crash , and crash hard. Because of this threat to burn the whole thing to the ground, they prevent the community from acting in the first place, even though it has the support to do so.
- sanswork 10y ago
  >They can refuse to update core. Doesn't matter the majority of users have moved to the new fork. That becomes the new core. >They can say that they have 10% of the mining power and threaten to not move over to the hard fork. Why would this matter? That 10% of miners will move over quickly or lose money by mining on a fork with no value. >Basically, they can scare people into thinking that there is going to be two separate, competing chains. There would be but since the majority of users and miners and companies want the one you want theirs would be losing right? >This would cause prices to crash , and crash hard. Why? If the vast majority want the change then they will just continue on as normal. It's only the people still using the old fork that will have problems. None of these problems exist if the majority truely wants the change.
  - nullc 10y ago
    If it's a simple majority then that isn't true, a 50/50 split of the economy or hashrate would be pretty devastating. But if it were overwhelming, what you argue would hold.
    - sanswork 10y ago
      Given his estimate is 90/10 in favour I'd say my argument holds. :)

stale2002 10y ago

Yes they can do things to stop it. They can refuse to update core. They can say that they have 10% of the mining power and threaten to not move over to the hard fork. Basically, they can scare people into thinking that there is going to be two separate, competing chains. This would cause prices to crash , and crash hard. Because of this threat to burn the whole thing to the ground, they prevent the community from acting in the first place, even though it has the support to do so.

sanswork 10y ago
>They can refuse to update core. Doesn't matter the majority of users have moved to the new fork. That becomes the new core. >They can say that they have 10% of the mining power and threaten to not move over to the hard fork. Why would this matter? That 10% of miners will move over quickly or lose money by mining on a fork with no value. >Basically, they can scare people into thinking that there is going to be two separate, competing chains. There would be but since the majority of users and miners and companies want the one you want theirs would be losing right? >This would cause prices to crash , and crash hard. Why? If the vast majority want the change then they will just continue on as normal. It's only the people still using the old fork that will have problems. None of these problems exist if the majority truely wants the change.
- nullc 10y ago
  If it's a simple majority then that isn't true, a 50/50 split of the economy or hashrate would be pretty devastating. But if it were overwhelming, what you argue would hold.
  - sanswork 10y ago
    Given his estimate is 90/10 in favour I'd say my argument holds. :)