Post
Topic
Board Bitcoin Discussion
Re: f2pool not supporting roundtable was Re: 「魚池」BTC:270 Phash/s - LTC:500 Ghash/s - New Server in U
by
iCEBREAKER
on 26/02/2016, 22:40:52 UTC
It's about time to end this close-door roundtable consensus process.
Complete goes against Satoshi's consensus-forming process.

wrong. satoshi's "consensus-forming process" is PoW a.k.a. hashpower. what we are seeing now is nothing else than the miners trying to find a mutual solution before they make eventually use of their power, which is totally fine and a sign of respect.

Miners have little to no power in Bitcoin.  If you insist on hanging around and opining, you really should lean how all this stuff works.

Here's a good place to start:

http://hackingdistributed.com/2016/01/03/time-for-bitcoin-user-voice/

Quote
It is a common misperception that Bitcoin miners determine the shape of the blockchain. So common, in fact, that I had an academic colleague fall into the same trap, where he thought miners could arbitrarily decide to mint 1 million coins for themselves.