Row 13415

Row ID: 13415 | Dataset Entry | Axioma AXP Content Repository

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>You can’t just count the miners when it comes to a Bitcoin protocol change — you must include ALL node operators as well. Bitcoin changes require signaling from both miners and node operators.

This is incorrect, passive nodes have no say in consensus (except their own copy), but even if it were true, PoS networks can have lots of passive nodes too. If you disagree, then a government could simply launch a million passive nodes, and collapse any blockchain, regardless of PoW or PoS...

>As a Bitcoin token holder you have zero influence on the protocol.

Which is totally wrong! As an actual user of the protocol, you should have a say in the protocol; miners, pools and passive nodes are lesser citizens than actual users. This is fundamentally why Bitcoin has become a useless speculative toy, because the people with all of the control aren't the people the protocol was actually built to serve.

Abstract work is not a better form of consensus than stakeholding, people's actual stake in the network is a more optimal representation of interest and risk in the network.

FieldValue
text >You can’t just count the miners when it comes to a Bitcoin protocol change — you must include ALL node operators as well. Bitcoin changes require signaling from both miners and node operators. This is incorrect, passive nodes have no say in consensus (except their own copy), but even if it were true, PoS networks can have lots of passive nodes too. If you disagree, then a government could simply launch a million passive nodes, and collapse any blockchain, regardless of PoW or PoS... >As a B…
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-20
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url_encoded Z0FBQUFBQm5Lak9LUUl3eTFLeWFhYnpxTXY2TEoxMUtYQTRQUS03RDhDV3pYS1JENko0cU9QVnZKQzRvczYxc2lncHh4LS01S2hFM1piVXdTNDNrb0o3TG0zbm8tRUV1ZEpIODJjQVBSYW91ZGZaY1U4S0FzT3J0WUI5RGt4WG1FeG41cV9CWFhOOFREbUxZYUtWZEFjMy1VbzVJekcwQ2Vwbkh1elFrUW5oU2syaDFuRElxYWVWcF95bi1XWFlmY1ZIT09kMEpKcnBsNnpQWEJkY3liQ0FBNVB2Ri1Gamk4elhwdk83Zng0QWZlOFpCdWxaZ054TT0=

Raw Record

{
  "text": ">You can’t just count the miners when it comes to a Bitcoin protocol change — you must include ALL node operators as well. Bitcoin changes require signaling from both miners and node operators. \n\nThis is incorrect, passive nodes have no say in consensus (except their own copy), but even if it were true, PoS networks can have lots of passive nodes too.  If you disagree, then a government could simply launch a million passive nodes, and collapse any blockchain, regardless of PoW or PoS...\n\n>As a Bitcoin token holder you have zero influence on the protocol.\n\nWhich is totally wrong! As an actual user of the protocol, you should have a say in the protocol; miners, pools and passive nodes are lesser citizens than actual users.  This is fundamentally why Bitcoin has become a useless speculative toy, because the people with all of the control aren't the people the protocol was actually built to serve.  \n\nAbstract work is not a better form of consensus than stakeholding, people's actual stake in the network is a more optimal representation of interest and risk in the network.",
  "label": "r/cryptocurrency",
  "dataType": "comment",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-20",
  "username_encoded": "Z0FBQUFBQm5Lakw3eWtUeVluZ3MySzRjNktwWm5nTXNqVVdlUGdVWjQ0eEduSFRWbXVNdDVGUlNRUFN5SWFwaVktaE9WY3V6VzdNLV9Oc2ZJbnVoVmxBSWFMMEp2aFhHdUE9PQ==",
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}
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