š
Original date posted:2015-12-17
š Original message:On Thu, Dec 17, 2015 at 04:58:02PM +0000, Tier Nolan via bitcoin-dev wrote:
> This is really the most important question.
>
> Bitcoin is kind of like a republic where there is separation of powers
> between various groups.
>
> The power blocs in the process include
>
> - Core Devs
> - Miners
> - Exchanges
> - Merchants
> - Customers
>
> Complete agreement is not required for a change. If merchants and their
> customers were to switch to different software, then there is little any of
> the other groups could do.
If Bitcoin remains decentralized, miners have veto power over any
blocksize increases. You can always soft-fork in a blocksize reduction
in a decentralized blockchain that actually works.
--
'peter'[:-1]@petertodd.org
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Peter Todd [ARCHIVE] /
npub1m2ā¦a2np2
2023-06-07 17:46:21
in reply to nevent1qā¦4vqz
Author Public Key
npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2Published at
2023-06-07 17:46:21Event JSON
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Original date posted:2015-12-17\nš Original message:On Thu, Dec 17, 2015 at 04:58:02PM +0000, Tier Nolan via bitcoin-dev wrote:\n\u003e This is really the most important question.\n\u003e \n\u003e Bitcoin is kind of like a republic where there is separation of powers\n\u003e between various groups.\n\u003e \n\u003e The power blocs in the process include\n\u003e \n\u003e - Core Devs\n\u003e - Miners\n\u003e - Exchanges\n\u003e - Merchants\n\u003e - Customers\n\u003e \n\u003e Complete agreement is not required for a change. If merchants and their\n\u003e customers were to switch to different software, then there is little any of\n\u003e the other groups could do.\n\nIf Bitcoin remains decentralized, miners have veto power over any\nblocksize increases. You can always soft-fork in a blocksize reduction\nin a decentralized blockchain that actually works.\n\n-- \n'peter'[:-1]@petertodd.org\n000000000000000001bd68962863e6fa34e9776df361d4926912f52fc5f4b618\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 650 bytes\nDesc: Digital signature\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20151217/704b0752/attachment.sig\u003e",
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