Post
Topic
Board Altcoin Discussion
Re: XT: It's On! First block was mined by an XT miner
by
Tigggger
on 19/08/2015, 09:44:16 UTC
To anyone who can read, bitcoin is defined by majority miner adoption, not majority business adoption.

Miners will therefore decide what chain is "Bitcoin" (the longest) and markets will decide what it's worth.


I've only just started catching up on this XT, so excuse me if I'm missing something obvious or have it wrong, but I have seen lots of posts similar to this.

It seems to me that the major problem is that 99.9% of users/miners will have no say whatsoever in this decision, given that the 5-6 biggest pools which mainly have their own hardware control over 75% of the hashrate it is them that will make the decision not us.