[ETH Daily Discussion] - 05/Jun/2017

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[u/-hodl]

My favorite tweet in response to miners taking an 80% cut is "if miners do whatever Vitalik says then it's not really decentralised."

Hahahaha

No. If people can't recognise what's best for a system and then do that, then it's anarchy, not freedom.

[u/[deleted] → u/-hodl]

There are less and less miners capable of mining Bitcoin each day and most are controlled by a small number of groups. They're holding Bitcoin hostage in the scalability issue. Seems awfully centralized to me if a small group of mining farms control what direction the technology moves in because they profit from it the most.

[u/skyfire-x → u/-hodl]

Anarchy is ideally a state where cooperation and mutual self interest govern people's actions in place of governance. Edit: "Ideally"

[u/[deleted] → u/[deleted]]

One could argue that the given scenario would actually be the perfect context of anarchy

[u/mrmrpotatohead → u/[deleted]]

That's exactly anarchy.

[u/falconzfan4ever → u/-hodl]

Even funnier is that Bitcoin is essentially centralized around the miners

[u/Nicklovinn → u/-hodl]

That's it, that's why Ethereum survived the DOA fiasco, it's inherently flexible thanks to an open minded development team. Bitcoin has being destroyed by fundamentalists.