I am a person that will allow a wide range of opinions and strives to respect each one, even the ones I disagree with.
Thanks. My question to you and to others who answered me is this : isn't one of the things Bitcoin supposedly fixed, centralization ? Did Satoshi envision huge mining farms, gigantic mining pools, while 99% of Bitcoiners aren't mining at all ? Isn't that too centralized ?
Miners do not control the rules of bitcoin, it is those who operate nodes... no?
Miners alone don't control bitcoin, but without miners' support, it's doesn't work either. Since we were talking about a fork to change POW.
I googled your sentence and found this page that is quite well made :
https://en.bitcoin.it/wiki/Bitcoin_is_not_ruled_by_minersWhat you say is indeed true on the face of it, a bit of what I said is, too, it's mentioned that maybe 10 people control more than half the hashrate, I'll continue to find that scary.
The argument is made in the link that if miners don't behave, a change in POW can be made, through a fork, so it loops back to what we were talking about. The idea isn't developed but I understood it to say POW would be kept, but the algorithm changed to render current hardware miners useless. So trying to cut current miners out. I'm sure you will say that such a fork wouldn't work and I would agree, it follows that miners do have considerable power.
For sure, I do not want to get into any kind of detailed argument on the topic, and I don't really want to be accused of arguing for the mere sake of arguing, but surely some of the speculation about ONLY 10 people (or institutions or associations or whatever) potentially controlling bitcoin mining sounds like near pure fantasy, even though in theory such a thing is actually possible.. but it seems like one of those long shot theories..... even though we cannot really know exactly who the miners are but sometimes some of the fearmongering will outline some kind of out there theory and say "this could be happening" which just seems to be grasping at fringe ideas.
Bitcoin is POW.. POW makes bitcoin what it is. There is no fucking way that is going to change to something like POS no matter the fantasies of a variety of people to make bitcoin more energy efficient or blah blah blah. Who fucking cares what some people believe about some kind of ability to change bitcoin into anything resembling POS or to try to push whatever the social justice fantasies might be....I made another post on this recently, but now I feel that I am rambling a bit and I understand that you are not exactly saying that Social justice theories are going to get pushed on bitcoin, aesma.
Of course, if there is some kind of feeling of an emergency need change bitcoin's algorithm or an emergency upgrade in bitcoin's software, that could damage bitcoin's credibility as being decentralized in a kind of irreversible way to the extent that some kind of emergency software upgrade ends up getting pulled off.. and then it kind of shows that there is an ability to change bitcoin in an emergency.. even though the claims would continue to be that you can only really change bitcoin by being able to attain overwhelming consensus.. and if there is some kind of perception that bitcoin is either being forced to be changed with social justice values (or even desires that bitcoin becomes more "efficient") then consensus would not be able to be reached.. so it would not even matter how much whining took place by an overwhelming majority of folks - maybe even 80%.. bitcoin is not changing... even if some seemingly objective value "to make bitcoin more efficient" or "to kill fewer puppies/babies."
Again.. regarding POW.. it is amazing. .including the difficulty adjustment that comes every two weeks that really has a lot of power to stave off significant attacks upon bitcoin, including the potential of an attack that might have been considered in the China forcing of the hashpower shutting off in its borders (at least a seemingly considerable proportion of mining 50%? perhaps?) in early to mid 2021.
Of course, some possible attacks on bitcoin or attempts to change bitcoin might not exactly be known until they are attempted, then there may well be an attempt to describe what happened including explaining why it happened and who (if anyone?) seems to have any kind of control over bitcoin in the event that there are attempts to make any kinds of changes and if there might be some kind of game theory that might end up having some semblance of success - including attempts at social engineering and for some folks to possibly insiders in bitcoin who might be attacking bitcoin.
I am not going to claim to know much if any of the answers, even though sometimes I am going to fight against some characterizations that seem to describe what is happening in bitcoin or bitcoin's supposed vulnerabilities in too simplistic of ways, and the various claims of miners controlling bitcoin seems to come up a lot in misleading ways.
I did look at the wiki too.. and I agree that it makes a lot of good points therein (and the wiki is likely to be edited with new events or theories too with the passage of time).
Dude.. stop being a sore ass beggar. If you don't have money, then invest in Digibyte ($0.02) and then wait 4-5 years till it reaches $1. Tha'ts like a 20x(or50x). And probably a 20x against
BTCiTcoin as well. So divide 3.69 / 20 and see how much you need to buy, and in 4-5 years you exchange it for
BTCiTcoin and you have your 3.69
BTCiTcoin.
Here, I'l do the math for you: 3.69 / 20 = 0.1845
BTCiTcoin worth of Digibyte that you need to buy. Then wait many years till it reaches 40 cents.
*edit(): For 50x is 3.69 / 50 = 0.0738
BTCTC. Then wait till it is 1$.
Oh gawd....
Do we have a battle to see who might be in a BIGGER fantasylandia..?
Even if you know how to do math about your fantasy, SavetheRF.. your ability to calculate is likely to ONLY show you how much delusional your fantasy happens to be.
But I consider it less likely for that to happen then someone sending you the 3.69 btc
I'd give him 3.69 BTC if he ate my ass after I return from a Pancho's all-you-can-eat buffet.
I'd pay 0.0369 BTC to watch.
I did not realize how many delusional bitcoin rich folks we have in these here parts, who would even want to get involved with anything to do with eXPHorizon .. even though if you add three more zeros, I might be willing to pay 0.0000369 BTC (which is also 3,690 satoshis) to watch BitcoinBunny watching the playing of Bawb and eXPHorizon... even though this is likely another one of those times that Bawb has overpromised.... ..
Remember in 2018 (was it 2018?) that Bawb was promising beers and blowjobs.. holy fuck.. he did mostly come through with the beers.. and the blowjobs were taken off the table as far as I can remember... and I even remember one aspect in which he was blaming me for talking about the drama that he had created in the first place... We have to realize that Bawb continues to have tendencies to become overly excited from time to time which causes him to overpromise... so even though he has generally been keeping that aspect of his lil selfie under control, this surely seems to be a demonstration of his ongoing challenges in regards to keeping his overexcitement under some kinds of reasonable/realistic wraps.
But I consider it less likely for that to happen then someone sending you the 3.69 btc
I'd give him 3.69 BTC if he ate my ass after I return from a Pancho's all-you-can-eat buffet.
Some people are into that. I stumble on such videos sometimes...
Makes me gag and I really don't get it, at least for the one eating the shit/vomit, I guess I can't kinda understand the pleasure of shitting on somebody.
I must say, though, 3.69BTC is tempting.
If there were an actual concrete offer on the table, I am pretty sure a lot of people (even well to do folks) would be ready, willing and able to eat shit (even Bawbs live shit or cleaning around his bunghole) for 15 minutes to 60 minutes for 3.69 BTC... #justsaying.
(I am not even saying that I would do it, but if there were something concrete on the table, it sure could tempt even the most pure of us folks, even yours truly, perhaps?)
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