You are viewing a single comment's thread from:

RE: BitMEX dumped their BCH and credited all users!

in #bitcoin6 years ago

I think if BTC is going to become more useful, the name has to be taken away from the Bitcoin Foundation. Simply put: When you fork, keep calling yourself Bitcoin and let the world decide who is right. At the moment, miners have control due to fee structures and POW. That can change in a fork and improve on the structure to return power to the people.

Sort:  

I agree that the miners are the people, just not all of them. The other side of that is the users and HODLers. And the current structure of BTC mining gives an incentive to combine efforts into large, centralized mining pools which not only creates points of failure in the network but also gives undue power to a few people regarding what fees to accept when processing a block.

The miners are the people. Though some people can afford to mine more than others, the power is still in the people.

THE MINERS ARE THE PEOPLE!lc.JPG

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.032
BTC 66367.17
ETH 3007.58
USDT 1.00
SBD 3.71