Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
brg444
on 09/10/2015, 16:05:06 UTC
Stupid, dumb, idiot, asshole, bastard, noob, fucker, Jesus Christ!

ROFL - this thread just gets funnier by the minute.  

You'll have to excuse me these clowns have a particular ability to make my blood boil.. consider what I have to deal with:

Is that not allowed? Perhaps I need to be "moderated"!

tell me brg444 why miners couldn't get together and start mining bigger blocks?

Blocks are full, transactions are backing up, fees are rising such that it would make a significant difference to the block reward if you could include twice as many transactions.

AntPool, F2Pool, BTCChina, BW Mining, and Huobi see that this is the case, and having over 50% of hash rate figure that if they all start mining and accepting 2MB blocks then they are on balance going to generate more revenue.

What is to stop them hard forking?

You can't be serious....

Do you know what a hard fork is?

I know you are desperate for me to be wrong, but you should set it aside. Its clouding your ability to grok anything.

Okay you seriously need me to point out why you are so obviously wrong here?

Bitcoin's blockchain = the longest valid chain.

Miners could very well start broadcasting bigger blocks but unless every single node in the network move forward with that decision the only thing they will succeed at is forking themselves out of the network and mining their own worthless chain.

My previous post was about demonstrating that miners don't hold the power you pretend they do because if they did then Bitcoin would be broken. In reality they only enforce the rules decided on by the peers on the network. They certainly can't and will never get to decide to change the protocol on the basis of what's best for them.

You know what you are right, I forgot that nodes have to relay blocks not just transactions.

That could be a problem then!