http://bitcoin.org/chainfork.html says:
"What is being done: Large mining pools running version 0.8.0 were asked to switch back to version 0.7, to create a single block chain compatible with all bitcoin software."
Topic: Block chain fork: Can now FinCEN legally go against Bitcoin core devs? - page 2. (Read 3288 times)
March 12, 2013, 12:30:59 PM
March 12, 2013, 12:20:46 PM
Quote
The core developers, made a coordinated and centralized effort to control the miners. During this event, more than 51% of the mining hashing power obeyed the commands of the core developers.
"Control" is a strong word. You mean "convince". Thankfully bitcoin remains 100% voluntary, as does the blockchain.
The difference between leadership and power is still one that most Bitcoin users appreciate. It is also one of the things that sets Bitcoin apart from its competition.
From the legal perspective I think that the devs have pretty good plausible deniability.
Yes, I will change the original message to soften that.
March 12, 2013, 12:15:52 PM
Quote
The core developers, made a coordinated and centralized effort to control the miners. During this event, more than 51% of the mining hashing power obeyed the commands of the core developers.
"Control" is a strong word. You mean "convince". Thankfully bitcoin remains 100% voluntary, as does the blockchain.
The difference between leadership and power is still one that most Bitcoin users appreciate. It is also one of the things that sets Bitcoin apart from its competition.
From the legal perspective I think that the devs have pretty good plausible deniability that they have any effective control. They can convince the network to do what it wants to do anyway. Call me when Andresen et al manage to convince the miners to do something that they don't want to do.
March 12, 2013, 12:13:12 PM
The block chain fork has left us with many interesting technical teachings but maybe the most important consequence is legal:
The core developers, made a coordinated and centralized effort to convincecontrol the miners. During this event, more than 51% of the mining hashing power obeyed the advise commands of the core developers. So they have proved they are (at least to some extend) in control of the network. The same argument Patrick Murck used in https://bitcoinfoundation.org/blog/?p=131 can now be used against the code dev team.
Has anybody thought about the legal consequences of this ?
Can the core devs now bear "the legal liability for managing and providing an unlicensed, unregistered pre-paid access program that allows private and unlimited peer-to-peer transactions"?.
Obviously is up to discussion if the core devs suggested to downgrade the version or they commanded to do so. I think the FinCEN will be reading the chat transcripts right now, looking for incriminating words.
Best regards,
Sergio.
The core developers, made a coordinated and centralized effort to convince
Has anybody thought about the legal consequences of this ?
Can the core devs now bear "the legal liability for managing and providing an unlicensed, unregistered pre-paid access program that allows private and unlimited peer-to-peer transactions"?.
Obviously is up to discussion if the core devs suggested to downgrade the version or they commanded to do so. I think the FinCEN will be reading the chat transcripts right now, looking for incriminating words.
Best regards,
Sergio.
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