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Author Topic: DO BITCOIN DEVELOPERS REPRESENT A MASSIVE COUNTERPARTY RISK?  (Read 184 times)
BlackHatCoiner
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January 26, 2026, 07:55:33 PM
Merited by DaveF (3)
 #21

So in theory bitcoin is supposed to work on consensus. The developers should respect the wishes of the community when implementing any kind of updates or changes to the code.
They should certainly take into consideration that people might not run their node software if they follow a path, but they don't have to do anything. The community is very often in discord, and if developers listened to the "community" every time they proceeded to make a change in Bitcoin Core, then no changes would ever be published. The not-so-recent OP_RETURN debate was a clear sign that the people just don't understand what they say, and Bitcoin Core developers very rightly proceeded to modifying the software, even if some people would disagree. Those in disagreement could just run Knots.

But in practice these things are a myth IMO but I would love to be proven otherwise. When I came to this realization is when I started to gradually dump my bitcoin early last year after hodling for years.
Dump your bitcoin. You should absolutely not hold any bitcoin if you think the developers act as a lever of centralization, and they can be used as honeypots. Those bitcoin should better be held by people with conviction.

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PrivacyG
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January 26, 2026, 08:31:29 PM
Merited by DaveF (3)
 #22

Come on get real, how much bitcoin is mined by the home-based hobbyist miner these days?
The hashrate controlled by such small-scale miners is neglible at best.

This isn't the year 2012 anymore when most of the hashrate was produced by guys mining bitcoin in their basement.
Today that kind of activity is probably no more than 1 to 2 per cent of the hashrate at best.

The top 6 mining pools today produces 90% of the hashrate. And the top 10 to 15 big pools takes up nearly all of the rest.
There is little if any economic incentive to mine bitcoin in your house. Unless you live in the middle of nowhere where you have access to
very cheap stranded energy, it will cost you a lot of money in energy costs. Your odds of ever successfully mining a block as an independent micro-scale miner
is one in a million at best.    
You can start your own Pool.  You can start your own Mining Farm.  You can purchase equipment to do this out of the sake of supporting the Decentralization of Bitcoin.  There are so many options to choose from.

You do not want to do any thing to make Bitcoin more Decentralized but expect others to do it.  If collectively we all think the same, it is obviously going to be Corporations and Mining Farms owning the majority of the Hash rate.  Decentralization does not come out of the void nor is it changed by the wind.  If you want to change a thing, we the Bitcoiners are the only ones who have the power to do it.
Satofan44
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January 26, 2026, 08:35:42 PM
Last edit: January 26, 2026, 09:10:50 PM by Satofan44
Merited by DaveF (2)
 #23

@Ambatman and @DaveF you need to spend less more time seriously answering to OP. He is a known troll and misinformation spreader. He is not here to contribute to Bitcoin, he is here to cause harm. This is an example where the policies of @theymos completely suck. Instead of creating a place of quality discussion, he creates a place of mostly shitposters and malicious individuals that are actively harming other users. Just look at how many people were recently tricked by bullshit into running Knots, this includes some even senior forum members who are participating in WO. There is a risk of that comes with time spent here, people tend to get more susceptible to have an overconfident belief of their thinking ability and Bitcoin knowledge. FUD is very effective against people who are new to Bitcoin and to certain groups of very senior Bitcoiners, the middle group is where most people are unaffected.

They should certainly take into consideration that people might not run their node software if they follow a path, but they don't have to do anything. The community is very often in discord, and if developers listened to the "community" every time they proceeded to make a change in Bitcoin Core, then no changes would ever be published. The not-so-recent OP_RETURN debate was a clear sign that the people just don't understand what they say, and Bitcoin Core developers very rightly proceeded to modifying the software, even if some people would disagree. Those in disagreement could just run Knots.
You guys probably do not know as I assume on average you are not watching anything happening in the altcoin world closely, but I am an observer in hundreds of groups and projects of different kinds both illegal and legal as is part of my job. That Core is not listening to most users is one of the best things that they have ever done, it shows extremely high level degree and wisdom. Why do I say that? The situation in altcoin groups is a complete clusterfuck. It does not matter what is the subject matter at hand, whether technology in general, in depth protocol stuff, economics, marketing, whatever -- there is always all kinds of users that are showing up and acting as experts in every single field. If you say we will implement SHA256, they will ask why not SHA9000 or some other shit they read in some headline or from AI. There is not a single decision that is being made, no matter how objectively it may be the only correct decision, that there are not hordes of users that are interrupting the process and wasting the time of Core members.

This is why Core is great and it should not tolerate bullshit. I hope that they are banning actively members like OP from any communication channel.  Smiley Useless and toxic individuals, like luke-jr, are a net negative for any project. Core members should conserve their valuable time.



@Satofan44 yeah I know not to engage the trolls but there are so many of them spreading FUD about v30 / opreturn / core devs and so on that you have to every once in a while respond to them.
Sorry, perhaps I was not clear. I didn't mean that you shouldn't respond at all, especially if the thread is very active, just don't spend too much time on the responses as you would when discussion with a serious and knowledgeable user  -- it is not worth it. You can reject his views with less effort and of your valuable time spent.

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January 26, 2026, 09:02:54 PM
Merited by gmaxwell (5), Satofan44 (1)
 #24

@Satofan44 yeah I know not to engage the trolls but there are so many of them spreading FUD about v30 / opreturn / core devs and so on that you have to every once in a while respond to them. Otherwise people might read what they are saying and think they are right. Yeah, for the anti V30 / opreturn people some are AI spambots, others are trolls, others are paid to cause discord in the community.

Because of the last one if we don't respond they win. With the BS like headingnorth posted about selling his coins because of this some people might actually believe that they had coins to sell.

-Dave


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