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BU and the new variant of the chinese cabal of bitcoin miners BitcoinEC have a key consensus change implemented in them called 'Emergent Consensus' Emergent co
by Frogolocalypse 10y ago
BU and the new variant of the chinese cabal of bitcoin miners BitcoinEC have a key consensus change implemented in them called 'Emergent Consensus'
Emergent consensus lets miners decide, through force of hash, the block size. This provides for them an incentive such that, as they increase the block-size, it leads to the nodes not being able to be run except with massive connections to the other nodes and miners. The miners that are closer (in bandwidth) to the other nodes, will have more time to retrieve the transaction and block data. Nodes and miners on slower connections will further deplete, as they can't source the data fast enough. This will also mean that communication between miners will favor miners that are closer together.
This means, by design, bitmain will be able to force ALL miners and ALL nodes off of the network, and every node and every miner will be housed in bitmain data-centers. It is a hostile take-over of the bitcoin environment by a chinese company that has all the markings of a state-sponsored action.