Then, I guess, perhaps we could agree that, hard fork the network with the support of just 6 pool operators, and one month "grace period", while completely disregarding the response of the network of full nodes at the time, like what the Bitcoin Classic people are very clear about what they are trying to do, is very undemocratic and should not be supported?
If the pool operators were the only ones interested in >1MB blocks then this would fail since most users and merchants would reject their larger blocks. this is not the case however...these companies are supporting it too:
Coinbase OKCoin Bitstamp Blockchain.info (Peter Smith) Xapo Bitcoin.com Foldapp Bread Wallet Snapcard.io Cubits Vaultoro Coinify Bitso Bitnet BitOasis Lamassu BlockCypher BitQuick.co itBit BitAccess Coinfinity Chronos Crypto
Not more? Consensus is certainly at 1 MB then. As I suspected. To break the rules of the blockchain, e.g. by increasing the blocksize, increasing the money supply or inflation rate, etc, 10% is not enough. Neither is 51% or 75% or even 90%. You need 100% consensus.
100% consensus is most probably unachievable because of the ability of a single powerful miner to destroy consensus.
I assume we are talking about
miner consesus, right ?
1. But that is not really important. The
last time hard fork happened (because of network malfunction), the network upgraded, resolved itself & reached "consensus" in
around 6 hours. So miner consensus can happen almost instantly. Nobody wants to be on the losing side of the fork - that is pretty obvious.
2.
Lately "consensus" means whatever Adam Back wants it to mean. Check out these links:
https://www.reddit.com/r/btc/comments/434spq/adam_back_on_twitter_understand_bitcoin_social/https://twitter.com/adam3us/status/692756252418576384.@jnxpn understand #bitcoin social contract: majority MUST NOT be able to override minority. that is how political money fails. #consensus
So basically now he claims that consensus is what minority (Blockstream) wants. He has lost it and is completely mad with power.
Last time I remember, Bitcoin was all about what majority wants.
When minority wants to change rules of the game then it is called a HARD FORK and they go their separate way.