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Bitcoin is not a protocol for honest people to reach spontaneous agreements. It uses algorithms to create consensuses, and audit might be powerless in this syst
by outloudvi 6y ago
Bitcoin is not a protocol for honest people to reach spontaneous agreements. It uses algorithms to create consensuses, and audit might be powerless in this system.
- heckerhut 6y agoMy thinking behind this idea is that the sentiment of the author of this blog article is becoming more and more prevalent. Over the coming years pressure on bitcoin’s legitimacy will increase. To get ahead of this movement I propose to miners worldwide to create their own climate change accord and do this voluntarily. All it needs is a consensus to do so.
- outloudvi 6y agoIt's obviously good if worldwide miners all agree to protect the environment together. It's also right that many governments have paid a lot of attention to Bitcoin. However, Bitcoin is not to be strictly regulated by design. A government strong enough might have the ability to control Bitcoin mining over the holders, but breaking decentralization in this way will kill Bitcoin in its fundamental, and it seems that no such government is going to do this for now, especially when the reason is "environmental problems", which is generally not in high priority. Beside this idea, maybe a BIP (Bitcoin Improvement Proposal) is the best way of achieving consensus, but I can't imagine such a proposal being approved based on its limited feasibility.