Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
Either decisions are made using proof of work or they are not.
Bitcoin consensus does not comes about through proof of work [longest chain]If the nodes and miners reject a block as invalid then it would not persist as the longest chain. If the nodes and miners accept a block and continue to build on top of it, then that chain is Bitcoin.
Proof-of-work both enforces and defines the laws of the systems
Proof-of-work exists to order transactions deemed valid by the consensus of rules dictated by the nodes.
For the millionth time it's the longest *valid* chain you disingenuous fuck
I agree. Nodes will only accept and miners will only build upon a chain that contains valid blocks. A chain that persists as the longest and continues to be built upon must be valid.
Except that's not true as was evidenced by the July 4th forks in which 5 consecutive invalid blocks were mined on top of each others.
Same is also true for the March 2013 fork.
It was true: miners and nodes abandoned those chains and they did not persist as the longest.
Great, so we agree that miners hold no power over what constitutes the longest valid chain.
