Ninjastic
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Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
smooth
on 08/01/2015, 20:40:18 UTC
Quote from: JorgeStolfi on January 08, 2015, 08:39:02 PM
Quote from: smooth on January 08, 2015, 08:05:50 PM
Quote from: JorgeStolfi on January 08, 2015, 04:58:20 PM
Well, the cartel will want to be the first in that line [to mine a modified protocol].

There is no cartel on the Red Button hard forked protocol. Anyone has equal access to the ability to mine. The fact that someone was a cartel previously does not grant any vested status in the future. Deepbit, for example, has no greater ability to show up today and be a mining cartel than you or I do.

Come on, you know that "the cartel" there means "the cartel of old-chain miners who want to force a change in the block schedule".  It is not "a cartel of rebel-chain miners". 

Yes, and what I'm saying is there is no cartel. A cartel implies there is some barrier to entry (for example by limited capacity of equipment). There is none here; everyone can mine, and in a protocol that hasn't reached the stage of specialized hardware, the startup costs are low and entry is very rapid. A huge amount of mining would come online within a day or two, and remember your proposal is for all this to be announced a month ahead, so plenty of time to get ready.