Post
Topic
Board Bitcoin Discussion
Re: Miner cartel, Bankster cartel, or an altcoin? Your choice?
by
iamnotback
on 22/03/2017, 11:53:56 UTC
Miners getting to choose the maximum blocksize = miner cartel, why?

Read more at the linked thread and it is explained there. I just posted again at that other thread another summary post.

Large blocks are a weapon which kill decentralization due to the issue of propagation and relative orphan rates. It is a bit complex to grasp.

I proved/explained that Bitcoin Unlimited's whitepaper (written by @Peter R) is flawed. There is no equilibrium with unbounded block size and rather it is a weapon for the mining cartel to achieve full centralization. Several smart developers have peer reviewed my analysis.

But OTOH, Core also ostensibly has a sneaky agenda. <--- click and read