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Author Topic: [2015-11-11] Video: The Blockchain Explained  (Read 261 times)
LiteCoinGuy (OP)
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November 11, 2015, 04:04:45 PM
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The Blockchain Explained

https://www.youtube.com/watch?v=wyfm92qqSh8

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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November 11, 2015, 04:54:01 PM
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Pretty simple explanation ole chap....  Roll Eyes The butlers {miners} in his case, got a pretty good share of that cake... {miners fee} The real world example would have been a few

crumbs. Anyone watching that, would think that the butlers share were a bit too much. {After all, we not dealing with banks here}  Roll Eyes .... Ben has a freaky eyebrow. It was fun to

watch, and well presented. Now I am hungry for a piece of the cake.  Grin

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