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> What can happen in this scenario is that the big players can make a loss temporarily while the smaller players lose money. Eventually the smaller players (min
by zik 10y ago
> What can happen in this scenario is that the big players can make a loss temporarily while the smaller players lose money. Eventually the smaller players (miners) close shop which would make bitcoin more centralized.
As far as I can tell this claim is FUD from the Segwit side of the argument. There's no realistic mechanism by which it could happen.
- TD-Linux 10y agoHuh? Even BIP-101, the original Bitcoin XT BIP to have forever increasing block size, mentioned this as a risk [1]. It argues that the effect is insignificant, but I would hardly call it watertight. [1] https://github.com/bitcoin/bips/blob/master/bip-0101.mediawiki#centralization-of-mining-costs https://github.com/bitcoin/bips/blob/master/bip-0101.mediawi...
- zik 10y agoLike I said, no realistic mechanism. The effect is so small as to be insignificant, and even more so now than in the Bitcoin XT days.