A faster, more efficient cryptocurrency

Re:A faster, more efficient cryptocurrency by gregknicholson on Monday February 18, 2019 @12:21PM (#19192254)

I don't accept this assessment of how Bitcoin's consensus fundamentally works. Yes, anyone can fork the code, but consensus comes only when the miners choose a fork.

As far as I can see, there's no significant incentive to mine other than money, so miners want money, so you can persuade them with money.

The "consensus" is fundamentally an auction.

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Re:A faster, more efficient cryptocurrency by seth__ on Monday February 18, 2019 @12:39PM (#19192437)

Unless people really use bitcoin to pay for stuff. Then, whatever token can be exchanged for something of value is the one everyone wants, doesn't matter if the miners fork

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Re:A faster, more efficient cryptocurrency by RugnirViking on Tuesday February 19, 2019 @07:50AM (#19198559)

Unfortunately bitcoin becomes steadily less useful for actually using and paying for stuff as time goes on. Back in the day, it could be used on amazon, buy a coffee etc. Now its just a bizzare experiment in markets without consumers.

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Re:A faster, more efficient cryptocurrency by buboard on Monday February 18, 2019 @12:46PM (#19192496)

yep and therein lies some power. There have been a few wars within bitcoin already. In the real world, people would have died. In the coin world, people just voluntarily chose different pastures.

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