Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

This gives a good overview of where all the nodes are at right now. Interesting, the way I am reading it is BU nodes at 33.1 %

http://xtnodes.com/

No. Why are you preaching something which you do not even understand? BU nodes are at ~8% at best (see here: https://bitnodes.21.co/nodes/), or more realistically at 2% (see here: http://luke.dashjr.org/programs/bitcoin/files/charts/software.html).

Yeah, you can twist it anyway you want. Semantics of mining node vs a regular node. Most miners are in China yet most non-mining nodes are in the US (United States--1814 =27.87%). The point is that the mining nodes will determine whether the code gets forked, not the regular nodes.

And the users determine which fork has value, not the miners.

Now you can argue whether node count is a good metric of where the users stand or not.

The miners have always determined the value, hence why they are mining. Not many altruistic miners out there only concerned with supporting the network.