Bob thinks miner activate changes. Lol
Discussion
Miners can certainly activate any changes they want :) they can even mine blocks to any new standard they so desire… however if they want to cash in on all the work they’ve done, the blocks that they broadcast satisfy the nodes definition of validity otherwise it is all for naught 🤣
Always has been
I frikin love the game that is bitcoin… anyone can play and if you want to play by your own rules go right ahead and trundle off and play your own rules… by yourself… however if you wanna play with everyone else and be part of something truly frikin amazing and transformational, stick to the few simple rules and otherwise do what you want with your life… #simplelifesimpleproblems
Maybe he's actually talking about miners coordinating with the giant institutions that have lots of Bitcoin in order to incentivize the miners to go with the said change.
Cause if The vast loss of Bitcoin is centralized into a few institutions they could in theory send the Bitcoin amongst themselves back and forth in order to create the illusion that an upgrade or fork of the coin would be cool and " desired" when in fact it's not.
Correct. And plebs with bitaxes can continue on the desired fork but risk attack, maybe.
I'm glad I'm not the only one that noticed this error. #BlocksizeWar. Good catch nostr:nprofile1qqsd846pynwlkk7uvxu0rrghcve4hw6033c3s234acnnzjjf5n4hk8gprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qy28wumn8ghj7un9d3shjtnyv9kh2uewd9hsmklmpe for pointing this out in when the episode came out in April! I just finished listening to this episode a few minutes ago and that felt funny to me .
If I remember correctly, the miners "voted" to activate Segwit. *However*, the nodes rigged the vote 😃. The nodes decide the consensus rules and BIP 91 said that a block which doesn't vote for Segwit is - by definition - not a consensus-valid block; those blocks were therefore orphaned by BIP91 nodes. See the 'Specification' section here: https://github.com/bitcoin/bips/blob/master/bip-0091.mediawiki
The nodes are in charge of Bitcoin, and the miners only have power in the very unlikely - and very expensive - case where they can coordinate something like a 51% attack