@V4BTC@Thebitcoinway_ Do you think sovereign nodes are Bitcoin or the nodes submissive to miners?
Backward compatibility means not every node had to update but miners were required to produce valid block.
Now I think nodes have right to change hash function.
@BitcoinTeacher_ Even if it reaches from $80K to $160K,
It will give same returns what $300 to $600 of XBT @ neoxa exchange. And you will have benefit of original Bitcoin, because in Bitcoin nodes are sovereign and miners are not in control.
@OndoreVillager@Thebitcoinway_ This was not democracy.
The soft fork contains changes which are backward compatible. It means not all nodes have to update. To oppose at node level, a counter soft fork was required so that we keep believing that nodes are sovereign.
@OndoreVillager@Thebitcoinway_ You shouldn’t be concerned about attack, because you don’t know how attack looks like.
Miner monopoly attack with 98% hash rate was the biggest in history of Bitcoin.
@OndoreVillager@Thebitcoinway_ I don’t believe that price drop was coincidence. The divide in community caused this price say.
Did you see Knots adoption increase from 1-2% to upto 20%?
@OndoreVillager@Thebitcoinway_ One thing common in BTC and BCash is that both are harder for node runners.
XBT has stricter rules and cleaner blockchain, may be after 10 years people start to like it.
@OndoreVillager@Thebitcoinway_ For long term store of value, short term price doesn't matter. I will keep buying until it can be used to spend for better life.
@OndoreVillager@Thebitcoinway_ Before capturing the ticker BTC, they created a perception that every altcoin or hard fork fails.
I am thinking that if nodes are the network, this time miner actually did hard fork by ignoring soft fork. The improvement guys just make little adjustment to proceed. Node count |^
@TridentLayers45 I am buying at low price and spending at high price. I am only accumulating to buy the things I can afford right now.
And I know how important is to run node and node should only grow with transactions having no control by miners.
@Rajatsoni Bitcoin XBT is $350 at Neoxa Exhange. It will double your wealth at $700 and it is long term because node doesn’t store images and extra data so that easier to run.
The blockchain represented by XBT is closer to idea of Bitcoin. Feel free to argue against it.
@AdamBLiv What is Bitcoin? It has a blockchain, but Bitcoin itself is an idea.
It works without third party and nodes keep history of all transactions.
After the fork, the chain which makes harder to run node, where miners are united against improvements, doesn’t represent Bitcoin.
@sovereignmaxim Sure, do comment but your words should not contradict with your action.
Do you think, you know more about Bitcoin then Luke? Because many people care what Luke has to say.
@harris_irfan@MBitcoiner@thinking_muslim I wanted to know your opinion about Bitcoin.
Bitcoin is without third party, if miners become monopoly and get united against improvements, they are party, and nodes are no longer sovereign, it is not Bitcoin.
Solution is changing hash algorithm. What do you think?
@anonymo02031848@Kilombino_ I think the demand increases price and higher price increases hash rate.
Demand will continue to grow until people want freedom, privacy and scarcity.
Scarcity in money creates abundance.
@Satoshi_10122 On august 8th, there was a miner activated hard fork which made your coin Spamcoin. You may be using wrong label.
Now we continued the chain and we have consensus to change PoW algorithm.
If 90% of supply comes from 5 company, it is called shitcoin.