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by jzm2k
1494 days ago
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I don't think your original comment was curious but had a snarky tone and demonstrated a lack of knowledge about the history of Bitcoin and what has been tried. As GP pointed out, it's not as simple as miners choosing to follow a different consensus algorithm or block size because you also need to convince the rest of the network (or 51% of it at least) to follow these new rules. Immense amount of effort is put into Bitcoin improvement proposals to make changes to the network while keeping the protocol compatible with older versions of it. |
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"On March 11, 2013, Bitcoin experienced a technical crisis. Versions 0.7 and 0.8 of the software diverged from each other in behavior due to a bug, causing the block chain to “fork” into two.
The optimal course of action (and, in retrospect, the only one that avoided serious risks to the system) was first proposed and justified 16 minutes later, and the developers reached consensus on it a mere 20–25 minutes after that. Shortly thereafter — barely an hour after the discovery of the fork — the crisis response had effectively and successfully concluded.
Without the central co-ordination of the Bitcoin Core developers and the strong trust that the community places in them, it is inconceivable that adopting this counterintuitive solution could have been successfully accomplished."
[1] https://freedom-to-tinker.com/2015/07/28/analyzing-the-2013-...