I'm almost sure that this is wrong, but I can't actually nail down why. It has to be wrong though right? The entire purpose of the creation of Bitcoin was to stop this entire thing. With hashpower now only acting as a rubber stamp on the core devs consensus though, that safeguard is gone... It has to be something else though, right? This person can't actually be right, right?
BTC Bailouts Get Consensus, what now?
Charles Martin
Owen Kelly
Oh look a retarded bcash thread.
Dylan Wilson
what bailout nigger
do you even know what a bailout is
Carter Ross
I got no clue what this guy is saying
Jaxson Green
He's pointing out that with the change in consensus mechanism from what it used to be (hashing power from miners all over the world) to what it is (whatever the core dev team claims to perceive to be "consensus"), now any changes at all, including bailouts and quantitative easing or anything at all, only need to have the core dev team sign off on them, whether they actually believe they have consensus or not. All they have to do is claim they do, emergency, extenuating circumstances whatever.
Previously they would've had to get the sign-off of every single significant hashpower operator in the world, now they just need to get the sign off of the core devs.
But there must be some objective mechanism where the core devs would never sign off on such a change, right?
Nathaniel Russell
the core team and anyone else who thinks miners aren't in control of consensus are in a honey pot.
let them spend their effort trying to subvert bitcoin while bitcoin cash proves the exchange ticker is least important part of he system
Owen Jones
I'm not interested in the bcash answer. If bcash really is the answer and 90%+ of the people who have been in this for almost ten years missed it, it is pretty much proof that the entire ecosystem is useless.
There has to be a reason that the current reality is the correct one.
Christian Morales
you should sell then
Asher Morales
If he really is right, that does seem to be basically the only option, sell altogether or buy shitty bcash and hope for a "correction".
Ryder Moore
core are like toddlers in a day care run by miners, they have zero ability to change consensus. Bitcoin is proof of work not proof of github.
if you don't understand that I don't know why you bought in the first place