It is also UASF day!!! A day which represented that miners don't define the chain anymore. It users,miners, developers and business that do.
It is also UASF day!!! A day which represented that miners don't define the chain anymore. It users,miners, developers and business that do.
im aware but that would be too short news :)
UASF and Segwit2X cancelation were the two most bullish events in Bitcoin. A live show where the game theory that makes Bitcoin work plays out before your eyes. If this isn't special for you you obviously lack some understanding. Books can be written about it.
How so? I thought the "Bitcoin" project still holding up under ticker BTC used PoW still and that this was one of the main arguments for why it was the real Bitcoin. You know, "the chain with the most PoW".
Also, operators of hashing nodes (aka solominers and pools) are major businesses within the chain based ecosystem. If you think a new design based on the idea that they shouldn't have influence is viable, I'm not sure what you're smoking frankly.
UASF is only the illusion either of democracy or optionality. In practice, it provides neither; Node count is easy to spoof with sockpuppets and "backwards compatibility" in transaction quality is not a feature of secure cryptocurrencies. Hence why such features are not a part of the Bitcoin design .