Do you trust the miners?

[Miss Fortune]

Hey all. Recent developments around the block size debate have sparked alot of discussion about several topics. I've seen many people arguing that BIP100 gives too much power to the miners. I'm not trying to provoke feelings one way or another, I'm just looking to see if people are willing to put their trust on miners about such decisions.

I don't trust anyone with my coin specially miners, Im sure they'll use it for their own good. Of course who wouldn't but I don't trust them. 

[sorryforthat]

Hey all. Recent developments around the block size debate have sparked alot of discussion about several topics. I've seen many people arguing that BIP100 gives too much power to the miners. I'm not trying to provoke feelings one way or another, I'm just looking to see if people are willing to put their trust on miners about such decisions.

I don't trust anyone with my coin specially miners, Im sure they'll use it for their own good. Of course who wouldn't but I don't trust them. 

How do you plan to send those coins of yours?

[NoRespect]

I will trust Bitcoin but not the Miner 

yeah, me too 
in fact very difficult to believe in them
they always promise-ha good things, but ultimately deceptive

[MasterYii]

Hey all. Recent developments around the block size debate have sparked alot of discussion about several topics. I've seen many people arguing that BIP100 gives too much power to the miners. I'm not trying to provoke feelings one way or another, I'm just looking to see if people are willing to put their trust on miners about such decisions.

Cant really trust miners, there a lot of promises that they have given but in so many reasons I wont be able to trust those miners, I'm sure they are just doing their thing but cant trust my coins to somebody else.

[coinplus]

Hey all. Recent developments around the block size debate have sparked alot of discussion about several topics. I've seen many people arguing that BIP100 gives too much power to the miners. I'm not trying to provoke feelings one way or another, I'm just looking to see if people are willing to put their trust on miners about such decisions.

Cant really trust miners, there a lot of promises that they have given but in so many reasons I wont be able to trust those miners, I'm sure they are just doing their thing but cant trust my coins to somebody else.

There is no pint in trusting miners. Bitcoin network itself decides and chooses the best miner for the block reward. Some cloud mining services was run as a ponzi scheme. But miners are just part of the bitcoin system. In a decentralized environment, we do not need to reply or trust anybody.

[worhiper_-_]

To be fair, miners are the ones confirming transactions. They deserve to have a say on what the block size is going to be. But bitcoin users are also contributing in one way or another. If transactions were to happen through the blockchain, users would contribute fees for the miners. A median solution would be nice, maybe trusting miners with every future change of the block size cap isn't ideal for everyone but I don't know if there could be a better way for voting for such matters.

[Searing]

To be fair, miners are the ones confirming transactions. They deserve to have a say on what the block size is going to be. But bitcoin users are also contributing in one way or another. If transactions were to happen through the blockchain, users would contribute fees for the miners. A median solution would be nice, maybe trusting miners with every future change of the block size cap isn't ideal for everyone but I don't know if there could be a better way for voting for such matters.

previous point

with the price the way it is...the difficulty likely to skyrocket like 2013 again for btc due to knc data halls at 16nm probably responsible imho for the latest rise in difficulty..bitbury's announcement of 100 million miner data hall

http://www.coindesk.com/bitfury-details-100-million-georgia-data-center/

spondoolies latest data hall announcement and merger and 110 TH SP 50 miner as well as the sale (after their data hall is full) in bulk (likely 35-50k a unit)

http://www.spondoolies-tech.com/products/sp50

so the centralization of all mining (home miners are dead for btc) with all the above ..and if most like knc convert btc to usd to cash directly imho that drives price down
for btc (hey again my view likely wrong)

anyway if you have say 9 major miners that have centralized the network for btc ...low prices ......and low adoption yet..how long before they start to try to 'tweak' the
bitcoin development universe into saying that they as network providers are 'overextended' due to low prices of BTC and we need 'mandatory transaction fees'

imho that is the most obvious first step in centralization of mining ...ie ......flat difficulty rise because no one else can make the asic's at this level (nor investment $$$$) by
this point in time just the above 9 or so big miners so as long as the difficulty is not rising nor price whats a 'cartel' to do? ie hey we need transaction fees at such and such
a rate to feed the 9 network beasts

(the exception for the above is if INTEL or AMD decided they wanted to get into this chip making area ..they are huge enough to crush anyone imho ..but likely they won't)

just saying tis what i'd squeak about should I be such a mega miner whale corp

[GamNoob]

Hey all. Recent developments around the block size debate have sparked alot of discussion about several topics. I've seen many people arguing that BIP100 gives too much power to the miners. I'm not trying to provoke feelings one way or another, I'm just looking to see if people are willing to put their trust on miners about such decisions.

Personally, I trust them.               

[HeroCat]

I do not trust the miners  You never know what is behind the miner companies 

[TTMNewsMJ]

I'm not so sure if I really trust the miners.

[Corealz]

Not really. Quite a few of the biggies who've been interviewed have stated they're purely in it for the dollars. They'll go with what'll load them up in the short term. Long term whatever they choose might be fatal.

Yup. Most of them are thinking of quickly making their investment back and then some. They will be one of the first to dump if there is a price crash. I don't blame them since cryptocurrencies is a volatile market.

[Pyr3x]

I'm not sure I trust the miners to make decisions that will benefit the entire bitcoin community instead of just the miners right now.

Exactly, the miners only care about their profits. They don't actually care about bitcoin or the bitcoin community. The only thing they want is to mine bitcoin and sell them for a  profit, nothing else.

Not true... I mine it but not just because I'm out to make money but simply because I honestly love and support bitcoin and I know that the network only exists because the miners make it happen.

[RKing]

I'm not so sure if I really trust the miners.

If you do not trust other miners, you can join a mining company and monitor it to make it do right thing.

[JeWay]

I not truly trust them, but I support them.
Because they're one of the important thing on Blockchain

[Xenoph0bia]

Yes, I trust miners. I don't find any reason for not trusting miners. Minor's main role is to mine bitcoin and sell it for profit and they are there to make profits and messing with the bitcoin protocol would mean 0 profit for them. So I don't think that miners will take a chance with the bitcoin network as said before. So I think we should trust miners as they are the one who generates bitcoins.

[WizKhalifa]

maybe hahaha tno

[Misiak4]

Why not to trust miners? At least we should trust to 51% of them...if no why we should trust Bitcoin network at all? Of course there should be some limitations for them, not give them full control of network...

[dothebeats]

Hey all. Recent developments around the block size debate have sparked alot of discussion about several topics. I've seen many people arguing that BIP100 gives too much power to the miners. I'm not trying to provoke feelings one way or another, I'm just looking to see if people are willing to put their trust on miners about such decisions.

I don't trust anyone with my coin specially miners, Im sure they'll use it for their own good. Of course who wouldn't but I don't trust them. 

Miners are good for bitcoin itself; they are the ones who creates new bitcoins in circulation and help process transactions all over the network. What's bad is when miners use their mining power into something fishy, like a 51% attack.

[RKing]

Hey all. Recent developments around the block size debate have sparked alot of discussion about several topics. I've seen many people arguing that BIP100 gives too much power to the miners. I'm not trying to provoke feelings one way or another, I'm just looking to see if people are willing to put their trust on miners about such decisions.

I don't trust anyone with my coin specially miners, Im sure they'll use it for their own good. Of course who wouldn't but I don't trust them.  

Miners are good for bitcoin itself; they are the ones who creates new bitcoins in circulation and help process transactions all over the network. What's bad is when miners use their mining power into something fishy, like a 51% attack.

Then make sure miners do not unite against the network. These miners are the back bone of bitcoin network. Without them, there will be no bitcoin.

[kpitti]

I trust in Bitcoin and essential part of Bitcoin are Miners. There is no question for me if I trust Miners, but if I trust some arguments they are using. But this the same for rest of community.