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Tweet #1: https://twitter.com/yojoots/status/1225313674631503872 | |
"The obvious counter is a PoW algorithm swapout. All who have a stake in BTC have commensurate incentive to follow the functional side of the fork." | |
The point: if a party has any stake in BTC, they have commensurate incentive to follow along on the branch of any given fork that continues to function. | |
Tweet #2: https://twitter.com/evoskuil/status/1225352981811347458 | |
"Nope." (link to https://github.com/libbitcoin/libbitcoin-system/wiki/Proof-of-Work-Fallacy) | |
From the included link: "There is a theory that mining services are subservient... According to this theory miners then suffer a catastrophic loss due to the unrecoverable capital investment in highly-specialized hardware." | |
Note: this link, and the reasoning it contains, is not relevant to the point raised in Tweet #1. In fact, Tweet #1 does *not* argue in any way that users can "foist a capital loss" on miners. The link is entirely irrelevant to Tweet #1 and the point that it makes. In othe |