Quote from: dinofelis on May 30, 2017, 06:36:47 AM

Quote from: brg444 on May 30, 2017, 06:13:28 AM

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.

Miners all have the same strategy: maximize their profits. Why do they not increase the subsidy back to 50BTC? I'm sure they can all unilaterally agree to do that.

Quote from: dinofelis on May 30, 2017, 06:36:47 AM

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.

Hashrate is fluid, remember Ghash? Mining pools are identifiable, yes but they will not make any decision that risks endangering the bottom line of hashers.