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Nope. The point of consensus is that when you opt in to rules, they don't change under you. Who has the highest amount of power in Bitcoin, and why haven't the
by disruptalot 5y ago
Nope. The point of consensus is that when you opt in to rules, they don't change under you.
Who has the highest amount of power in Bitcoin, and why haven't they done anything, for example increase the issuance?
- gspr 5y agoI agree that the rules don't change. But I want the rules to be changed by a democratically elected competent government in the face of a crisis.
- endisneigh 5y ago> Who has the highest amount of power in Bitcoin, and why haven't they done anything, for example increase the issuance? How would that benefit them?
- disruptalot 5y agoThe issuance is exponentially decreasing every 4 years. If you're a miner and have hardware investment, increasing your issuance contrary to the expectation of the market is essentially taxing the holders. It's besides the point though, you can certainly benefit from holding power of the protocol but the reality is that there is very little of this dynamic.