At the Coingeek conference, Bitmain CEO Jihan Wu expressed that the miners have learned from previous mistakes, and are starting to take more responsibility for understanding the protocol and making intelligent decisions. He said they’ve been incapable of disobeying the authority of the devs.īut we may be turning the corner on this.
In a recent “AMA”, former Bitcoin Core developer Mike Hearn pointed out that historically, BTC miners haven’t been rational economic actors. You can read more about the history of censorship in Bitcoin here. And since the community is a fast-growing one, the misinformed newcomers become a majority. He explained why: while established community members can easily dismiss misinformation, newcomers cannot. In Hong Kong, Roger shared that his biggest mistake was underestimating how effective censorship can be. Thus, it goes hand-in-hand with propaganda and the active promotion of misinformation.
Craig Wright, and Jihan Wu. Each of them said something important that pertains to these topics.Īlso read: How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 3 Bitcoin Cash Avoiding CensorshipĬensorship is an obvious barrier to an educated community and is motivated by a desire to control the narrative. The conference concluded with a panel discussion featuring 3 of the most well-known thought leaders in the Bitcoin Cash community: Roger Ver, Dr. We’ve already discussed 3 reasons why the bitcoin project was subverted: lack of education, lack of clarity, and centralized development. Today I will proffer two more: censorship and propaganda were allowed to run rampant miners didn’t understand their power and responsibility. Last Friday, held a fantastic conference in Hong Kong on the topic of blockchain commerce. The following opinion piece on Bitcoin Cash was written by Jonald Fyookball
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