Re:The problem with Bitcoin miners
by cowtools on Sunday May 15, 2022 @04:18PM
(#31390687)
>This makes it seem like it was some sort of 50/50 split, but in reality it was more like 99/1
In reality most bitcoin owners/users were the silent majority, and the "default" option was to do nothing, so they did nothing.
>speculating about how things could be different is just the crypto version of "world peace is easy if we all could just get along".
bitcoin's current blocksize/transaction fees are basicially an artificial problem that could be fixed with a minor storage/bandwidth tradeoff. It's more like "world hunger could be solved if we produce more food and stop limiting ourselves with insane protectionist trade policies".
In reality most bitcoin owners/users were the silent majority, and the "default" option was to do nothing, so they did nothing.
>speculating about how things could be different is just the crypto version of "world peace is easy if we all could just get along".
bitcoin's current blocksize/transaction fees are basicially an artificial problem that could be fixed with a minor storage/bandwidth tradeoff. It's more like "world hunger could be solved if we produce more food and stop limiting ourselves with insane protectionist trade policies".