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Re:Bitcoin vs. Ben Bernanke by wfunction on Sunday May 05, 2013 @01:00PM (#5658985)
The terrifying part of his job is that almost all of the current Bitcoin services now use the same software, so that "any change to the core code has potentially disastrous impact. If everybody rolls out a new version and there's some problem with it, the whole Bitcoin payment network could grind to a halt."

This is the part that has always scared me.

Re:Bitcoin vs. Ben Bernanke by nijk on Sunday May 05, 2013 @01:06PM (#5659013)
This already happened in he 0.8 fork
Re:Bitcoin vs. Ben Bernanke by wfunction on Sunday May 05, 2013 @01:20PM (#5659027)
I know, but it's not going to be as easy to fix if it happens on a massive scale, i.e. when everyone's using it.
Re:Bitcoin vs. Ben Bernanke by drcode on Sunday May 05, 2013 @02:27PM (#5659224)
If the core bitcoin team tells miners their mining is going to be ignored if it isn't part of a specific fork because of some credible reason, the miners will follow, no matter how many of them there are.
Re:Bitcoin vs. Ben Bernanke by brazzy on Sunday May 05, 2013 @04:05PM (#5659554)
As I understand it, the core bitcoin team (as well as all bitcoin users) can do absolutely nothing if the majority of the miners ignore their request, as long as THEY agree on a fork to work on.
Re:Bitcoin vs. Ben Bernanke by drcode on Tuesday May 07, 2013 @10:30AM (#5668307)
Right, I'm saying the miners won't ignore the request, if there's a legit reason.
Re:Bitcoin vs. Ben Bernanke by querulous on Sunday May 05, 2013 @03:59PM (#5659539)
that's not how bitcoin works. the blockchain (the ledger) can fork into competing chains. if your client and my client disagree about which is the live chain we can't transact. the core bitcoin team can only suggest which chain to consider the live chain. anyone who disagrees is free to use different chains.
Re:Bitcoin vs. Ben Bernanke by drcode on Tuesday May 07, 2013 @10:31AM (#5668311)
Right, and I'm saying almost everyone is going to use the chain recommended by the core bitcoin team.