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RE: Bitcoin, The CIA and The MIT Connection

in #bitcoin7 years ago

Well the vast majority of miners by hashing power are located in China. 80% of these miners or more are on-board for 2MB blocks with no cap.

If you have less than 1,000 miners in operation, you are considered a "Small Miner" and your opinion doesn't matter, as "votes" are by Hashing Power, not how many people actually Mine Bitcoin. So unless you were invited to Hong Kong and/or New York to discuss these topics, in the opinion of the large miners, your voice simply doesn't count. Sorry.

So my assertion that the vast majority of miners (by Hash Rate) support larger blocks remains true.

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Good reply, but I still dont accept the claim, nobody in their right mind would support faster centralisation of our wonderful bitcoins, 2mb blocks = the chain growing in size twice as fast, bitcoin has a shelf life, by the time the blockchain is 500GB nobody will be running nodes other than those with vested interests, like the banks and guberments, basically those who instigated the creation of bitcoin ;)

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