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This is interesting. If this is correct, it amounts to a power grab, transferring decision power from Core maintainers to the miners consensus. However, algori
by atemerev 9y ago
This is interesting. If this is correct, it amounts to a power grab, transferring decision power from Core maintainers to the miners consensus.
However, algorithmically speaking, miners consensus _is_ Bitcoin. The only authority Core developers have is rooted in tradition. So far, it was enough to get miners to agree with their point of view... but it will be challenged eventually.
- d33 9y agoCorrect me if I'm wrong, but they also control the software and could divert the users to a different fork if they wanted, right?
- atemerev 9y agoWell, no. They can release the reference client, but most users rarely employ it for transfers (most Bitcoins are either in cold storage, or in online wallets like Coinbase). Anyway, after the hardfork, you'll get your balance in duplicated both chains (as all transactions before the hardfork are visible). The market forces will decide then how much each part costs.