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A comment on The Schism Over Bitcoin Is How Bitcoin Is Supposed to Work.

Re:The Schism Over Bitcoin Is How Bitcoin Is Supposed to Work by kleer001 on Friday February 12, 2016 @11:42AM (#11088453)
Without a direct quote from Satoshi Nakamoto (whom ever they are) during the launch of Bitcoin, or a direct quote from the original whitepaper I'm not going to buy what Wired says is how Bitcoin is "supposed to work". One, because either of those quotes would show some deep digging on the author's part. And two either of those quotes would actually support the premise.
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Re:The Schism Over Bitcoin Is How Bitcoin Is Supposed to Work by MCRed on Friday February 12, 2016 @02:10PM (#11089624)
The white paper goes into the issue to some extent with the "longest chain wins" method, which is effectively, hash power based voting for bitcoin software. (the software with the most hash power wins.)
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Re:The Schism Over Bitcoin Is How Bitcoin Is Supposed to Work by Lawtonfogle on Friday February 12, 2016 @03:32PM (#11090310)
And since hash power correlates with wealth, this means the wealthiest (who care enough to hash) win.
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Re:The Schism Over Bitcoin Is How Bitcoin Is Supposed to Work by kleer001 on Friday February 12, 2016 @08:07PM (#11091882)
Good point. And I would have given more credit to the article if they had mentioned that.
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