Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bargainbin
on 11/02/2016, 13:40:42 UTC
...

The history of bitcoin and the nature of the code has direct philosophical and political implications regardless of Bitcoin being apolitical.

I.E... Rather than one person, one vote... the economic majority has greater influence on bitcoin balanced by the ability of developers and limitations of the technology. This is opposed to many democratic republics where the economic majority indirectly influences the majorities vote to remain dominant.
...

All this talk of "economic majority" without a definition.
WTF is "economic majority"?

-Those holding fiat, who can buy BTC mined by the miners?
-The miners, who are heavily invested in gear & will turn their power to the most-profitable SHA256 coin?
-The hodlers, who can rage on the interwebs and threaten to dump their coin if things don't go their way (but otherwise have no mechanism for voting)?

plz explain.