Post
Topic
Board Project Development
Re: [ANN] Bitcoin PoW Upgrade Initiative
by
BitUsher
on 20/03/2017, 18:15:53 UTC
I am being pragmatic

Bitmain could pre-emptively fork themselves during an unknown 24 hour timeframe, with 75% of the hashrate and a pathological desire to destroy Bitcoin, why do they need to even pretend to be cautious?


We'd have very little useful time available to turn that situation around, but I strongly suspect disenfranchised miners would be only too happy to support the PoW change, once it's potentially too late.

I fail to see how that argument could not convince all who percieve they will lose out in a PoW change situation to support pre-emptive action.

Why would it be too late after an attack to HF? A few txs get stolen or blocked?

 By my estimates 95% won't preemptively fork the PoW algo ... do you really think you can convince them all to preemptively HF?