Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin Core Developers won't compromise
by
dinofelis
on 30/05/2017, 06:36:47 UTC
In fact dinofelis it seems clear to me you are simply suffering from a strong Mining Delusion

If miners are decentralized, that means, many of them, each with a small hash rate, variable (today you are a miner, tomorrow, you aren't) and anonymous, then miners are locked into the Nash equilibrium of immutability.   In a truly decentralized system, there's no way to "come to an agreement" because the entities are supposed not to collude, not to make agreements !  The only way to have agreements in a large decentralized system, is to have a central authority proposing a SPECIFIC change, and no other, and have people come to a from of "voting": both are centralized protocols.

However, what is wrong in bitcoin is this:
"Because the miners do not form an identifiable set, they cannot have discretion over the rules determining transaction validity. " (from your link)

But miners DO form an identifiable set right now.  There are 20 of them, of which 5 are majority already.  People are cursing them, or begging them, to "do" something. 

I fully agree that if the statement in your link were true, the miners being locked up into a Nash equilibrium, cannot change the rules, and the rules are immutable ; the only solution is someone forking off with a new coin, if he thinks it will be successful in the market.