Post
Topic
Board Bitcoin Discussion
Re: BitPico throwing down against Roger Ver
by
Wind_FURY
on 18/07/2018, 05:42:40 UTC
Quote
"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."
     - 'Bitcoin: A Peer-to-Peer Electronic Cash System', Satoshi Nakamoto


The words of Satoshi. Do you believe we should follow it like a religion?

No. At least not just because they are The Words Of Satoshi. But it does concisely explain how Bitcoin actually operates. No matter how much bloviating is directed to the incorrect impression that non-mining entities have any enforcement power over the chain consensus, the design decision of the miners determining the rules is unchanged. As it should.

But that is not the case on how Bitcoin operates today. Hypothetical situation, what if the miners disagree with the economic majority in activating something and the economic majority announces that it will activate and enforce it themselves and take the risk of a chain split? Or what if the miners want to enforce something and the non-mining nodes do not follow?