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In think there's a subtle difference. A side effect of Bitcoin's rules is that people with more hashing power have a disproportionate amount of weight in decidi
by strombofulous 5y ago
In think there's a subtle difference. A side effect of Bitcoin's rules is that people with more hashing power have a disproportionate amount of weight in deciding the future of the protocol. Eth solves this by putting a hard deadline on some replacement being chosen. This can be the current maintainer's updated fork, or it can be a fork someone made that's identical to eth today with the date pushed back a few more years.
- wmf 5y ago95% of Bitcoin miners voted to increase the block size and it didn't happen, but you're right about the benefit of the ice age.
- uncletammy 5y agoA thousand times this
- pbhjpbhj 5y agoYou mean 95% by people, not by mining capacity, presumably. How is that determined, do you have a reference?
- rssoconnor 5y agoI don't know about 95%, but from https://bitcoinmagazine.com/technical/2x-or-no2x-why-some-want-hard-fork-bitcoin-november-and-why-others-dont https://bitcoinmagazine.com/technical/2x-or-no2x-why-some-wa... > Over 90 percent of miners (by hash power) are currently signaling support for SegWit2x.
- elif 5y agoI believe he means 95% of miners and my memory tells me something similar. At a certain point it was only blockstream and their reddit who really opposed bigger blocks, and it turns out that is sufficient to stifle Bitcoin progress. https://en.bitcoin.it/wiki/New_York_Agreement https://en.bitcoin.it/wiki/New_York_Agreement this was the era if you are looking to do research.
- wmf 5y agoNo, presumably I mean 95% of the hashrate which is the only thing that is measurable on-chain. https://github.com/bitcoin/bips/blob/master/bip-0009.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0009.mediawi... https://github.com/bitcoin/bips/blob/master/bip-0091.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0091.mediawi...