Re:The Lightning Network: Turning Bitcoin into Money
by once_inc on Wednesday July 13, 2022 @07:04AM
(#32081055)
> As opposed to an un-elected, un-accountable cluster of core contributors and mining pools.
These people don't control bitcoin. Developers and mining pool operators have their purposes in the network (designing new features and timestamping transactions respectively), but it's the users and node operators that validate the rules of the system. A code change to inflate bitcoin by 100% will never be adopted by node operators unless nakamoto consensus is reached.
These people don't control bitcoin. Developers and mining pool operators have their purposes in the network (designing new features and timestamping transactions respectively), but it's the users and node operators that validate the rules of the system. A code change to inflate bitcoin by 100% will never be adopted by node operators unless nakamoto consensus is reached.