Post
Topic
Board Bitcoin Discussion
Re: Chinese Miners Revolt, Announces Plan to Hard Fork to Classic
by
AgentofCoin
on 30/06/2016, 21:10:43 UTC
Maybe the miners should stick to mining, is my point.

Sure, but your missing the fact the miners have right to choose what client and what changes to activate. They can merge the code they like or use any clone of Bitcoin repository or whatever. Most devs are miners as well, or at least were at one point in time. Bitcoin and all voting is based on proof of work, not on github/bitcoin - but miners are free to use and run code from this place if they choose to, but it is not required.


It's simply how Bitcoin works at the protocol level, succinctly described by satoshi in the white paper. The protocol, by itself, doesn't decide right or wrong, its participants do, and they vote with their CPU's (or influence those that do by buying or selling on the market.)

Nice to see someone understand how Bitcoin works.

I already understand all this.

My point is they think that the Core Devs are currently incorrect. They are rumored of agreeing to a proposal to switch to Classic.
Those are separate devs (from Core) with a fundamentally different ideologically view point on what makes Bitcoin/BTC valuable.

Are you sure the miner's understand that? Their proposal seems to think that core devs just shuffle over to classic.

What I'm saying is: Do the Chinese Miner's fully understand the situation and the potential future outcome?
I am arguing that they do not. I argue they don't know anything about how any of that works.
They only know what they know about mining. Their move to classic could neuter their future profits.