📅 Original date posted:2017-04-06
📝 Original message:> Ethically, this situation has some similarities to the DAO fork.
There are no similarities.
The DAO fork was against the principles of cryptocurrencies: a change of
the ledger done in violation of pre-agreed rules. The whole point of
cryptocurrency is to avoid shit like that. (E.g. a central banker changing
ledger as he wants.)
Greg's proposal is in line with the principles of cryptocurrencies:
PoW-based cryptocurrency can work only if there is a competition between
miners, which requires all miners to have equal access to the technology.
The notion that Bitmain is entitled to future profits is completely
ridiculous. Every investment has a risk, and doing unusual stuff which
boosts your profits is associated with increased risk. Developers just need
to make sure all miners are on equal grounds, as that's the whole point of
the protocol. If Bitmain loses their profits because of that it's really
just Bitmain's problem.
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Alex Mizrahi [ARCHIVE] /
npub1sw…pul5t
2023-06-07 17:59:20
in reply to nevent1q…hfgx
Author Public Key
npub1swfeusu3ua9trup00qcnrgc2yndksyvgku4epk5tec7u4fmrez6qxpul5tPublished at
2023-06-07 17:59:20Event JSON
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"content": "📅 Original date posted:2017-04-06\n📝 Original message:\u003e Ethically, this situation has some similarities to the DAO fork.\n\n\nThere are no similarities.\n\nThe DAO fork was against the principles of cryptocurrencies: a change of\nthe ledger done in violation of pre-agreed rules. The whole point of\ncryptocurrency is to avoid shit like that. (E.g. a central banker changing\nledger as he wants.)\n\nGreg's proposal is in line with the principles of cryptocurrencies:\nPoW-based cryptocurrency can work only if there is a competition between\nminers, which requires all miners to have equal access to the technology.\n\nThe notion that Bitmain is entitled to future profits is completely\nridiculous. Every investment has a risk, and doing unusual stuff which\nboosts your profits is associated with increased risk. Developers just need\nto make sure all miners are on equal grounds, as that's the whole point of\nthe protocol. If Bitmain loses their profits because of that it's really\njust Bitmain's problem.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20170406/622850e0/attachment.html\u003e",
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