Join and earn Bitcoin Cash for participation

Impossible coercion between Miners

3 103

Written by JavierGonzalez 7

4 months ago

Topics: Miners

In communities: Debate: Infrastructure Funding Plan (95df) , Bitcoin Cash (e11c)

For a miner incentive to exist, it is not enough to publish the next valid block before anyone else.

It is also necessary that a majority of the hashpower decide voluntarily to work on continuing exactly that block.

It's a consensus.
Non-violent.
Totally legitimate.

A new form of executive power.

$ 0.26

$ 0.10 from @Read.Cash

$ 0.10 from @btcfork

$ 0.05 from @georgedonnelly

+ 1 more contribution

$ 0.10 from @Read.Cash

$ 0.10 from @btcfork

$ 0.05 from @georgedonnelly

$ 0.01 from @molkojoki

Written by JavierGonzalez 7

4 months ago

Topics: Miners

In communities: Debate: Infrastructure Funding Plan (95df) , Bitcoin Cash (e11c)

Enjoyed this article? Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

Breve pero preciso. A muchos se les está dificultando demasiado entender esto.

$ 0.01

DarthRoison

4 months ago

I think miner incentive exist either way, but I get your point.

Voluntary participation is the key here.

$ 0.00

JonathanSilverblood

4 months ago

Yes, thanks. Legitimacy is important.

$ 0.00

JavierGonzalez

4 months ago