i say it's a fact that the miners decide.
thats why i say we need monetary incentives for them to act in a good way (e.g. making smaller blocks).
thats why i say we need monetary incentives for them to act in a good way (e.g. making smaller blocks).
Except it isn't a fact at all; it's a silly assumption -- a lie perpetuated by who-knows-who. There already is a monetary incentive for miners to make smaller blocks, in that MPEx customers will not buy their newly minted coins produced on a counterfeit "larger blocks" chain. If the miners want to stay in business, they will keep doing as we say. Don't get me wrong, the miners secure the network; we couldn't get by without them. There will always be a chain mined by a lot of hashing power, but the miners don't get to decide which chain that is. They will go wherever the profit is, and that is determined by demand for coins.
P.S. this isn't my argument, but since you are blind to things written by billionaires, I took the liberty of paraphrasing it for you.
why would he want to buy more coins? afaik he already has too much? and mpex customers... well they seem to already have enough coins too.. otherwise they couldnt afford the 30btc entrance fee for nothing really intersting
and no: i am not blind to things billionaires write. i am just not interested in the opinion of somebody who makes death threats to people who dont share his opinion.
btw i dont believe him at all. because if the fork happens that means that 80% of all miners mine the new chain. he cant even use his legacy old chain anymore - because without miners he cant transact...
i am very sure he will bribe miners OR switch to the new chain (=Bitcoin)
There is no such thing as having "enough" bitcoin. Everyone wants more coins or they aren't paying attention. But that's not exactly the point; as you say, he already has "too much" which means he'll have "too much" gavincoin to sell on the open market. Remember, the fork will cause all current holders to have equal amounts of both coins. So he'll be selling the new coin and buying the old coin.
Regarding "death threats," I'll quote MP:
Quote from: Mircea Popescu
In a normal society, the threat is a fundamental tool to hierarchy building. The socialist state does not want a normally functioning society, but instead this stellar configuration where the state is at the center, and every citizen linked to it to the detriment of all else. The freedom to threaten is not merely my fundamental, unassailable sovereign property, but moreover essential for the construction of effectual instruments to squash the socialists and their golums.
Regarding the "80% of the miners" : what part of "the miners will go where there is profit" don't you understand? I get it: the fork won't happen unless some majority of miners is stupid enough to upgrade. That doesn't mean they'll stay upgraded. I get it: transactions will slow down on the real chain if the fork happens. That doesn't mean they'll stay slow. The miners will find themselves with 3`600 new coins to sell every day, which is just about a million dollars at the moment. Add to that all the forked coins opponents of the change will be dumping on the market. Unless all the redditards and bezzletrons can scrape together enough money to cover that, the miners will be forced by matter of economic necessity to switch back to the real bitcoin.
What does it even mean to "bribe the miners" ?? If there's money to pay the miners off, aren't you just hiring them to mine for you? Are you just using this word in an attempt to besmirch?