📅 Original date posted:2015-06-28
📝 Original message:On Sun, Jun 28, 2015 at 8:13 AM, Jorge Timón <jtimon at jtimon.cc> wrote:
>
> No, this is very important. The majority has no right to dictate on
> the minority.
>
While an interesting philosophical question, I don't think that this is
accurate. First off, bitcoin doesn't imbue any 'rights' on individuals -
it provides the choice of participating or not, nothing more.
Secondly, from a technical perspective, how is it that the majority (or
super-majority) are prevented from imposing their will? The best answer is
that they are incentivized to not override a minority group since that
reduces the inherent value in the system. However, presuming that the
majority calculate that the reward for imposing a change is greater than
the value lost in such disruption, I don't see how there would be any
stopping this change. The longest chain with the greatest number of users
valuing the token on that chain "wins".
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Ivan Brightly [ARCHIVE] /
npub1hn…4p3n4
2023-06-07 15:40:40
in reply to nevent1q…pu33
Author Public Key
npub1hn9vjtvdlnllrltesscgtnplu0ev2sreey03kjh3k07zmvd9zgus24p3n4Published at
2023-06-07 15:40:40Event JSON
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"content": "📅 Original date posted:2015-06-28\n📝 Original message:On Sun, Jun 28, 2015 at 8:13 AM, Jorge Timón \u003cjtimon at jtimon.cc\u003e wrote:\n\n\u003e\n\u003e No, this is very important. The majority has no right to dictate on\n\u003e the minority.\n\u003e\n\nWhile an interesting philosophical question, I don't think that this is\naccurate. First off, bitcoin doesn't imbue any 'rights' on individuals -\nit provides the choice of participating or not, nothing more.\n\nSecondly, from a technical perspective, how is it that the majority (or\nsuper-majority) are prevented from imposing their will? The best answer is\nthat they are incentivized to not override a minority group since that\nreduces the inherent value in the system. However, presuming that the\nmajority calculate that the reward for imposing a change is greater than\nthe value lost in such disruption, I don't see how there would be any\nstopping this change. The longest chain with the greatest number of users\nvaluing the token on that chain \"wins\".\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150628/0d76c58a/attachment.html\u003e",
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