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I am curious - how do you think that these large groups will be able to set bitcoin policy? Technologically, they don't have much influence over the algorithms
by unavoidable 13y ago
I am curious - how do you think that these large groups will be able to set bitcoin policy? Technologically, they don't have much influence over the algorithms or the distribution of bitcoins as a whole. What meaningful policy decisions can be made?
- wmf 13y agoIn Bitcoin a block can be up to 1 MB, yet mining pools are only generating 150-250 KB blocks and leaving many transactions unconfirmed.
- betterunix 13y agoThey could selectively deny transactions. They might, for example, demand that you tie a real-world identity to your Bitcoin address before you can engage in any transactions, then deny transactions to people they dislike.