Post
Topic
Board Bitcoin Discussion
Re: Is it good or bad that Core development is virtually controlled by one company?
by
iCEBREAKER
on 04/02/2016, 16:10:36 UTC
51% is explicitly defined as consensus

The myth that a supermajority is needed needs to be dispelled.

The consensus mechanism was defined like it is to *exactly* deal with the situation where there is contention. Let hashrate decide.

If some people want to try and undermine this by trying to trick miners into following different chains, let them do so now. Let them reveal their hand. Then we can see who is truly being 'irresponsible', and who is truly 'trying to destroy bitcoin'.

Where is 51% defined as consensus?  The whitepaper?  Cite please!

And you know full well much less than 51% will given time inevitably appear, due to variance, as 51%.

The consensus mechanism is designed to discourage/prevent a situation where there is contention, via the extreme penalties (ie losing all your BTC) for defecting from the socioeconomic majority.

You don't get to be privy to, much less control, the Core Defense Network and small block militia's strategy, timing, and tactics.

You only get to find out what they are in the heat of battle, as the wildfire turns your attacking fleet into ash, shipwrecks, and corpses.

Now, isn't it well past time for you to concede that XT was defeated?

We're waiting....