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The Gang of Five: The Dirty Centralization Secret of Bitcoin
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Topic: The Gang of Five: The Dirty Centralization Secret of Bitcoin (Read 1309 times)
OrientA
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Re: The Gang of Five: The Dirty Centralization Secret of Bitcoin
May 20, 2015, 02:20:39 PM
#21
Quote from: SpanishSoldier on May 20, 2015, 12:43:01 AM
Why misguide ? If Gavin makes a change and nodes do not update accordingly, it'll simply get rejected. That is called concensus.
Can we say the bitcoin is controlled by bigger mining pools, not the ordinary non mining nodes?
spud21
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Re: The Gang of Five: The Dirty Centralization Secret of Bitcoin
May 20, 2015, 02:29:02 PM
#22
Quote from: OrientA on May 20, 2015, 02:20:39 PM
Quote from: SpanishSoldier on May 20, 2015, 12:43:01 AM
Why misguide ? If Gavin makes a change and nodes do not update accordingly, it'll simply get rejected. That is called concensus.
Can we say the bitcoin is controlled by bigger mining pools, not the ordinary non mining nodes?
Each mining pool is made up of many different mining farms who all have to agree to use any updated software. If they disagree they can start mining at a different pool that uses the old software.
Fedoraeuphoria
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Re: The Gang of Five: The Dirty Centralization Secret of Bitcoin
May 20, 2015, 02:57:46 PM
#23
There are some legitimate arguments for implementing alt coins but what OP is spouting is utter rubbish.
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