News for hackers. Stuff that matters.

A comment on Relative hashpower of BTC and BCH in percentage of total. Parent comment

Re:Relative hashpower of BTC and BCH in percentage of total by exit on Sunday August 20, 2017 @06:12PM (#15060494)
that doesn't agree at all with what i've seen of this situation unfolding.

i think:

bch was created by people who want to use adjustable block size caps to scale transaction volume, and this favours established miners and consolidates their influence.

segwit was created by people who want to try a second layer for transactions (specifically the lightning network), and some miners are opposed to this direction because they would not collect fees on layer-2 transactions.

[ Parent | on HN ]
Re:Relative hashpower of BTC and BCH in percentage of total by sbenitoj on Sunday August 20, 2017 @06:26PM (#15060553)
Instead, the creators of the 2nd layer solutions will collect fees.
[ Parent | on HN ]
Re:Relative hashpower of BTC and BCH in percentage of total by tylersmith on Sunday August 20, 2017 @07:01PM (#15060665)
Not strictly the creators, but the operators. Miners could operate Lightning Network nodes for example.
[ Parent | on HN ]
Re:Relative hashpower of BTC and BCH in percentage of total by Snackchez on Sunday August 20, 2017 @07:00PM (#15060662)
Is that the case? Is this what's happening with Litecoin?
[ Parent | on HN ]