Quote from: Ron~Popeil on May 23, 2014, 04:39:14 AM

Quote from: devphp on May 22, 2014, 05:20:10 PM

Quote from: Ron~Popeil on May 22, 2014, 03:59:19 PM

If someone comes up with a great idea it can always be incorporated down the road.

Yeah, I keep hearing this. But I don't think it works in practise.

Just one example: someone came up with a good idea to run a few independent mining algos in a coin (Myriadcoin does this) to get rid of 51% attack concerns. There is no way Bitcoin miners who invested millions into ASICs will agree to switch to a hard fork even if bitcoin developers release the new bitcoin code with a few independent mining algos. So basically, miners control what they think is a good idea or not, not users.

Of course not, the miners also secure the network and spend a lot of money to do it. Free people in free markets will always act in their own self interest. That is the nature of commerce. To expect a group of people to agree to destroy their own investment is not logical or rational.

Right. That's why I don't expect great ideas to be easily or at all incorporated into Bitcoin code.