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0 sats \ 8 replies \ @DarthCoin 14 May 2022 \ on: There are 5 consensus communities in Bitcoin... bitcoin
You are wrong, those (exchanges, merchants processing, wallets) are not having any word in decision. End users also have no word.
Also Andreas didn't said about those. Watch again, don't spread false info.
Only node runners, devs, miners have main final decision (also depends which form or consensus is taken).
It's nuanced.
Once Mt. Gox confirmed, back on March 11, 2013, that they were not exposed to the chain from miners running v0.8, then at that point Eleuthria of BTCGuild (pool) switched their pool from running v0.8 to using pre-v0.8, which resulted in a chain reorg that cost BTCGuild six blocks they had mined.
If Mt. Gox had been using v0.8, that very well could have persuaded BTCGuild to stay on v0.8 and the pre-v0.8 would likely have eventually stopped.
2013-03-12 00:44:53 <DBordello> What chain is Mt. Gox on
Fortunately the ecosystem is now way more decentralized than in 2013 when Mt. Gox had a majority of exchange activity (i.e., dominant economic node) and BTCGuild (pool) had a near majority of hashrate. But exchanges run economic nodes, and as long as users keep their bitcoin on centralized exchanges, those exchanges can have influence on decisions.
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It's nuanced.
Once Mt. Gox confirmed they were not exposed to the chain from miners running v0.8, Eleuthria of BTCGuild (pool) switched their pool from running v0.8 to using pre-v0.8, which resulted in a chain reorg that cost them six blocks they had mined.
If Mt. Gox had been using v0.8, that very well could have persuaded BTCGuild to stay on v0.8 and the pre-v0.8 would likely have eventually stopped.
2013-03-12 00:44:53 <DBordello> What chain is Mt. Gox on
Fortunately the ecosystem is now way more decentralized than in 2013 when Mt. Gox had a majority of exchange activity (i.e., dominant economic node) and BTCGuild (pool) had a near majority of hashrate. But exchanges run economic nodes, and as long as users keep their bitcoin on centralized exchanges, those exchanges can have influence on decisions.
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"There are 5 concensus communities in bitcoin. There's developers. There's miners. There's exchanges. There's merchant processing and there's wallets."
That's the quote....
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Watch again, he even put an image.
Are not those.
Exchanges have no fucking word.
Merchant processing? WTF is that?
Wallets? No way, they adapt to what devs release.
Man, you can't use your brain for 30 seconds?
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So much energy wasted just now.
It's a direct quote from a video. Take it up with Andreas.
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- He didn't say such nonsense (even that he's a shitcoiner)
- Don't repeat like a parrot, even if somebody will say such nonsense, filter with your own brain.
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If I can just interject for a moment. Andreas did say that, it's in the first few seconds of the video. Yes I know it's incorrect for several reasons, some of which you already outlined. Yes, our friend here probably should not have stated it as fact without doing a little more research on the subject, but let's just dial it back a notch and educate a Bitcoiner before resorting to anything else.
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psst... I'm not Andreas.
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