[2015-08-27] Can Bitcoin Trust Greedy Miners?

[hayek]

http://alexgorale.com/can-bitcoin-trust-greedy-miners-opinion-on-block-size

I expect miners to act in their own interests. If they don’t pursue the bottom line to the fullest someone else will. Ultimately, my ideals are a weakness in the competitive mining industry. What fidelity does a miner owe me? How does the market align us on the definition of Bitcoin’s success? Can any of us trust what miners say is healthy for Bitcoin?

If we create a perverse incentive someone is going to pursue it. If miners are coming out in favor of large blocks, it forces me to second guess myself. I haven’t invested millions into mining assets. We both want Bitcoin to succeed. Does their definition of success match my own?