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Stories like this always make me appreciate Bitcoin more. Satoshi disappeared without a trace for nearly a decade already and yet the project continues to work,
by keymone 7y ago
Stories like this always make me appreciate Bitcoin more. Satoshi disappeared without a trace for nearly a decade already and yet the project continues to work, progress and self-govern without a hiccup. That’s the ultimate decentralization test.
- lawn 7y agoThe infamous blocksize debate disagrees that it's been progressing "without a hiccup". It's instead proven that really beneficial upgrades can be blocked by a small number of developers and a large amount of propaganda. This is why Bitcoin fees have been so high.
- keymone 7y agoThe market, the miners, the developers, the merchants and the users - they all disagree with you. There’s been plenty of time for “the flippening”, and yet it seems that more conservative system is valued more than rushed in non-solutions led by conmen. The BCH split is in fact a perfect demonstration of how checks and balances prevent any constituency from taking over the system. Miners own the hashrate but they don’t own the protocol. Miners mine and get rewarded for it. Nothing more, nothing less.
- janandonly 7y agoAlmost every word in that sentence is wrong. * except for one critical bug, bitcoin has not been running more than 10 years without problems. * “really beneficial” is just one point of view. Without an increase it’s still running fine. * A large amount of propaganda was indeed injected into the ecosystem, but not by anonymous programmers but rather by big corporations who want to make money as “miners” and failed _because_ this project is decentralized.