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by wizzwizz4
1143 days ago
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> The overall community consensus to run that code is cooperative, *not* coercive. We don't disagree. Many people act like the consensus algorithm is somehow magically obviating the need for a consensus among humans. One must inherently trust that, if one is to use something like Bitcoin. Functionally, as long as the consensus is to install the latest version of Bitcoin Core, Bitcoin Core's maintainers control Bitcoin. The whitepaper claims that Bitcoin removes the need for a trusted third-party to transactions. If you consider mining pools to be "a party", that claim isn't strictly true: on several occasions, one mining pool has held 51% hash power (e.g. https://www.extremetech.com/extreme/184427-one-bitcoin-group... is a notable example; before that, pools normally kept their hashing power below 30% voluntarily), so in reality, you're trusting all sufficiently-wealthy parties not to do that. However, the whitepaper doesn't make the widely-believed stronger claim about magical trustlessness. |
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This is obviously not true, has never been true, and I have no trouble predicting that it will never be true.
What I took exception to was the fact that you were asserting developers themselves control funds, and that they specifically were trusted parties. Overall, Bitcoin depends on no trusted third parties, since in your example, mining pools with 50% hashrate do not arbitrarily control funds either.
And no, writing software does not imply control over the network, since there were plenty of other node implementations which existed (and exist) and which users choose to run for X or Y reasons. Writing software out of consensus which arbitrarily controls funds, in your assertion and in consistency with your string of logic (context across multiple messages,) "devs writing code" is not what consensus is. Even the github repository where Bitcoin is currently published is not current consensus. Current consensus is the current behaviour of the network right now. That is current consensus.
So, no, you're still wrong.