Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
empowering
on 18/08/2017, 01:24:35 UTC
Quote from: jbreher on August 18, 2017, 01:11:59 AM
Quote from: empowering on August 17, 2017, 09:52:23 PM
Quote from: jbreher on August 17, 2017, 08:27:00 PM
No lies here.
The Blockstream Satellite project is supposed to broadcast the One True Chain, correct?
The Blockstream Satellite project sources this One True Chain from the relay network, correct?
The relay network is a high speed backchannel whose primary purpose is to tie all miners together directly in a low latency network free of hops through non-mining nodes, correct?
You really can't connect these dots?

If the Blockstream satellite project does not transmit the actual blockchain- then it will be irrelevant

Its very value is that it will relay THE blockchain - as in what is agreed upon by consensus - it will not override the blockchain

Yes. The consensus of the miners allowed* on the relay network. So called 'important' independent nodes need not apply.

Surely the consensus of the miners of BTC blockchain is the consensus of the blockchain though?- satellite or no satellite..

If blockstream go off on their own tangent as you suggest will they then be creating something other than the BTC chain... miners can
react accordingly.

Are you suggesting that somehow the Blockstream satellite broadcast of the chain will overrun and ACTUALLY  FOR REAL  take over the network/ BTC chain  i.e the longest running chain with the majority of hash power? and somehow subvert it to essentially BlockstreamCoin ?