Post
Topic
Board Speculation
Re: HARD FORK ON ITS WAY !!?
by
FiendCoin
on 16/03/2017, 19:53:22 UTC
I believe deploying a HF after the Segwit update will be much smoother than doing it in this current condition.
Unfortunately SegWit is dead end of development, viewed by miners as a backdoor tool and enemy to decentralization.
I agree that everything would be so much easier with SegWit and Lightning Network.
But greedy miners won't allow it knowing that both these upgrades will kill their profits.

Bitcoin's entire security model is predicated on miners being "greedy". If miners being greedy is somehow bad then Bitcoin is fundamentally broken.

Too much power in the hands of miners is a problem because they're always going to (be greedy) follow the money. What that means is even though some innovation may be good for Bitcoin as a whole, if it could be bad for the miner's bottom-line then they have every incentive to block it. Miners should not be the deciding factor in what changes are or are not made to Bitcoin.