Re:Bitcoin Is Having a Civil War as It Enters a Critical Month
by statoshi on Monday July 17, 2017 @09:15PM
(#14793665)
Miners provide security for the system, but they do so at the behest of the users. If they don't enforce the rules that the users desire, the users will reject their blocks and the miners won't get paid.
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Re:Bitcoin Is Having a Civil War as It Enters a Critical Month
by gnaritas on Tuesday July 18, 2017 @11:47AM
(#14797460)
Miners provide security and thus value to the system, if the users don't follow them, their coins lose security and thus value. The chain with the most hashpower has the value and the users have no choice but to go with it or they risk their coins losing value. The users are not in control.