Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
brg444
on 07/09/2015, 20:56:57 UTC
What incentives the users/businesses (those who ultimately give value to the coin) have for using a system being centralised by a single miner?

Who spoke of "a single miner"?

Understand that the miners have to some extent the ability to maintain a certain illusion of decentralization.

I don't propose that bigger blocks will immediately translate to consolidation of miners in hashing power (what the user is really worried about) but it certainly leads to risky behaviours that reduces the security of the network. The cost externalization to nodes is not something most regular users would think twice about yet it severely undermines the nature of Bitcoin.