Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: jbreher on November 14, 2017, 05:15:24 PM

Quote from: Gab0 on November 14, 2017, 05:10:51 PM

I don't understand.
They deleted Peter R. answer to my question about the relationship between the nodes and the consensus rules (I suppose that for being "off topic"), but they did not erase all other comments from other users on the same subject.

Yes. Moderation getting very partisan. And veering far from stated policies.

Here is what I wrote, that was deleted by the mods:

Nodes can influence the rule set and its enforcement in proportion to their share of the network hash power. This is Bitcoin's direct governance mechanism.

Market participants can influence the rule set and its enforcement in proportion to their economic power. This is Bitcoin's indirect governance mechanism.

A non-mining node by itself has no influence. This is easy to prove: if you run 100 raspberry-pi nodes, do you have more influence over the rule set and its enforcement than if you unplugged 99 of them? Of course not, because only the people behind those (non-mining) nodes matter, not the nodes themselves.