So I think you two are saying nearly the same thing.
Perhaps, but unless I'm mistaken, adamstgBit seems to be implying that the miners can (without the consent of the economic power) choose and force a set of protocol rules on the users. That the miners will get to choose which fork is "bitcoin", and that anyone that wants to use "bitcoin" will have to use the fork that the majority of the miners choose.
I'm saying that's backwards. The economic power gets to choose a set of protocol rules, and the miners that wish to be profitable have to use the fork that the economic power chooses.
You are correct in that we are both saying that vast majority of the miners (those that wish to mine profitably) end up mining the "real bitcoin", but I think he and I are disagreeing on which is the cause and which is the effect.
i agree, hashing power will fallow economic power and not the other way around.
in this particular case tho i was stating that bitcoin is a sort of "democracy" by definition, because bitcoin is whatever majority of users ( hashing power or BTC hodlers ) think it is.
brg444 and I were having a
torllishous discussion. lol