Topic: The idea that big companies determine the outcome of the fork is false - page 2. (Read 1430 times)
June 01, 2015, 04:49:26 PM
I dont think it comes down to what people use or move their coins at. Ultimately, there is not bitcoin without the miners and node runners. It all comes down to how many nodes will Core have vs XT.
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June 01, 2015, 04:41:09 PM
People say that it comes down to what client big exchanges and companies use and that will determine the fork-thing rather than miners' choice.
That is false because:
People can just choose to not use these services. The people resisting Gavincoin can go back to trading like in the early days before exchanges existed if it has to be.
Ultimately the outcome of the fork is determined by those holding the most coins because they can after the fork decide which fork to buy and which to sell. Miners will then mine the more profitable fork.
Big exchanges and services do not matter at all. They will serve the surviving chain. What matters is the opinion of those holding the most coins because they determine the price.
So it's not Gavin or his cronies or exchanges or whoever. It is only holders of large amounts of coins and miners who determine the outcome. For example Satoshi could sink this whole Gavin-fork with his stash if he still has access to them. There should be some more of these ultra Bitcoinrich people. They will have the final say not Coinbase or Bitpay.
That is false because:
People can just choose to not use these services. The people resisting Gavincoin can go back to trading like in the early days before exchanges existed if it has to be.
Ultimately the outcome of the fork is determined by those holding the most coins because they can after the fork decide which fork to buy and which to sell. Miners will then mine the more profitable fork.
Big exchanges and services do not matter at all. They will serve the surviving chain. What matters is the opinion of those holding the most coins because they determine the price.
So it's not Gavin or his cronies or exchanges or whoever. It is only holders of large amounts of coins and miners who determine the outcome. For example Satoshi could sink this whole Gavin-fork with his stash if he still has access to them. There should be some more of these ultra Bitcoinrich people. They will have the final say not Coinbase or Bitpay.
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