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Hashrate is more important than anything else. They can mine empty blocks forever. Or be made to do it by China to protect yuan. I'm 100% sure it will happen if
by homakov 9y ago
Hashrate is more important than anything else. They can mine empty blocks forever. Or be made to do it by China to protect yuan. I'm 100% sure it will happen if they see it as a threat.
- darawk 9y agoIf they did that, people would simply fork the chain and switch the PoW algorithm. There would be very little downtime and no loss of funds. It'd be easy to transfer balances over.
- homakov 9y agoWho decides it and when? Why new PoW is supposed to be "better"? Whenever you need to change consensus which wasn't expected by consensus itself (self amendability) you're in stale mate situation and NO ONE can predict how it's gonna turn out. There's no Captain Consensus who decides when and what PoW to use.