Post
Topic
Board Bitcoin Discussion
Re: Is it good or bad that Core development is virtually controlled by one company?
by
BitUsher
on 09/02/2016, 01:00:40 UTC
-snip-
Also keep in mind that back when Satoshi was around, the idea was that every node would be a miner among equals. That is no longer the case.

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306

I support the use of SPV nodes with fraud proofs, pruned nodes , lite nodes, and mining on scale. We don't need everyone mining just sufficient decentralization where governments or industry members or malicious actors cannot subvert the will of individual users. Otherwise we will just have a very inefficient paypal and what is the point in that?

You understand that bitcoin is an incredibly inefficient distributed database by design, right? Are you comfortable having only a few banks, processors, and governemnts running full nodes in our future? what level of decentralization would satisfy you?



The technical experts you derive your arguments from have always thought that the network needed paternal stewardship.

If it was true, it would probably mean guaranteed failure at some point in the future. Thankfully it isn't, and our consensus mechanism is built in, as described up thread.

Yikes, I haven't heard this argument before. So when should Classic devs walk away from maintaining their repository?