4 ms·
I'm not retreating anything, that is still my assertion. The miners alone cannot delete your money. That was the original claim[1]. My responses[2] from the beg
by jallen_dot_dev 5y ago
I'm not retreating anything, that is still my assertion. The miners alone cannot delete your money. That was the original claim[1]. My responses[2] from the beginning have been addressing that.
It is a common misconception that miners, because they are the ones who produce new blocks, have power over the network and set the rules. That is not the case. Miners determine the order and inclusion of __valid__ transactions. Deleting your money would require a fork. Even if a majority of miners mined their own fork but didn't get users/nodes on board they would be wasting their time on what is essentially an altcoin that they alone care about. The network would ignore them and your $100M has not been deleted because it still exists on the chain everyone actually cares about.
There are only so many different ways I can state the above idea (going-on 4 times in this thread alone). If you still disagree, then I'm sorry I wasn't able to explain it any better. I'm going to politely decline from responding any further to this thread because I think we are just wasting each others' time.
[1]
"I guess you'd better hope you're never on the wrong side, politically, from a majority of ETH miners."
https://news.ycombinator.com/item?id=28678451 https://news.ycombinator.com/item?id=28678451
[2]
https://news.ycombinator.com/item?id=28681802 https://news.ycombinator.com/item?id=28681802
https://news.ycombinator.com/item?id=28682258 https://news.ycombinator.com/item?id=28682258
- baobabKoodaa 5y agoYou're talking about minority-supported forks as if it was some kind of hypothetical scenario, where these forks couldn't possibly have any value. But it's not a hypothetical scenario, it's a scenario which has occurred multiple times in practice. So we don't have to discuss in hypotheticals about whether those minority-supported forks would have any value or not; we can look at what actually happened in those instances. For example, Bitcoin Cash right now has $9B market cap (not $0, like you imply).