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> were really few unknown ones run and decide on the protocol That's not how Bitcoin works: you and the party you are giving money to decide the protocol, not
by saurik 4y ago
> were really few unknown ones run and decide on the protocol
That's not how Bitcoin works: you and the party you are giving money to decide the protocol, not the miners. If these unknown miners are doing something different than what your clients allow then those miners aren't part of the same network as you.
- bcrl 4y agoThe protocol for interacting with an exchange to trade for fiat isn't decided by the protocol. You just don't get to find out if you've been scammed by trusting your exchange to do what it said it did until it's too late. Trust is still required, but there's no governance to back it up.
- wslh 4y agoyou and your party decide on a protocol that should be the same as the protocol run for the other nodes. I am not talking here about malicious attacks over the protocol but about how the good protocol behave. That decision is in the core developers who has the power to modify the protocol but not on you. if you came up with a good idea to enhance Bitcoin that idea will not be implemented by merit.