Bitcoin isn't political money inasmuch as changes can't be dictated by an elite. Perhaps it is philosophical money.https://twitter.com/lopp/status/835581727032684544 …
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Replying to @lopp
This is a tempting but illusory sentiment. Bitcoin is a hashrateöcracy.
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Replying to @djinnius
Miners don't dictate the rules; read the "balance of power" section here:http://www.coindesk.com/bitcoins-security-model-deep-dive/ …
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Replying to @lopp
What would you call a hard fork? The fact that it doesn't happen on BTC is not absence of power, just prudent application.
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Replying to @djinnius
A hard fork is when a set of people decides to agree to a new set of non-backward compatibles rules. Anyone can do that.
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Replying to @lopp
Is it not a special case when those people represent 51% of the hash pool? Legit not trolling, did read your article
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Replying to @djinnius
It gets complicated and depends on how "safe" of a hard fork is being attempted. I'd suggest hashpower follows economic power.
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That's fair. Complex and implicit politics doesn't equal no politics however. Social factors are inescapable.
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