Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
You assume the majority of hashing power agrees on the way forward when clearly that is not the scenario suggested.
Miners will do their best to follow the economic majority and pick the chain they believe will be worth something. They don't exactly decide which one that will be.
Miners will do their best to follow the economic majority and pick the chain they believe will be worth something. They don't exactly decide which one that will be.
They understand how damaging it would appear to do it unilaterally, so they are/have been waiting for the community to give them an option. If they are economically rational, they probably shouldn't wait years more while another entity sidles in to eat their lunch.
