https://blog.p2pfoundation.net/big-lie-bitcoin/2016/05/27 Researching, documenting and promoting peer to peer practices Fri, 27 May 2016 16:57:27 +0000 hourly 1 https://wordpress.org/?v=5.5.15 https://blog.p2pfoundation.net/big-lie-bitcoin/2016/05/27/comment-page-1#comment-1576893 Fri, 27 May 2016 16:57:27 +0000 https://blog.p2pfoundation.net/?p=56635#comment-1576893 You seem to have no understanding of the incentives involved in bitcoin. The miners can easily be “fired” by the consensus simply changing to a new proof of work algorithm. This move would instantly render all existing bitcoin mining equipment completely worthless. As for government regulating bitcoin, good luck (see Bitorrent). They can, and already do, regulate the edges of the network that interfaces with space under government control, but that’s pretty much it.

]]> https://blog.p2pfoundation.net/big-lie-bitcoin/2016/05/27/comment-page-1#comment-1576892 Fri, 27 May 2016 12:38:14 +0000 https://blog.p2pfoundation.net/?p=56635#comment-1576892 so much misunderstanding from a tech guy in to a new technology? Bitcoin is a 100% consensus system. Even if miner decide tomorrow to split the network they can’t do anything without following the nodes and the ppl that use the cryptocurrency.
The only thing that will happen will be a fork of network, a fork that no one use it.
this is the pure anarchist governance of bitcoin.

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