The Miner-Activated Infrastructure Fund is nothing to worry about. Bitcoin Cash will come out stronger after this. Watch out for trolls and saboteurs trying to manipulate the narrative.
I don't want to make this a long post, i just want to touch on a couple of things.
1) The miners have always had the power to do this, and they will (to some extent at least) always have this power.
Nothing's fundamentally changed here. The miners control the protocol, this is how governance on bitcoin works. There is various pros and cons between POW and POS, but we're all here, and we all signed up for POW.
Let me ask you, even if this was immoral for the miners to do, what can be done about it? You can't control the miners. You'd have to create a new system besides bitcoin, if you're scared of what the miners do.
2) The miners have the right to do this.
Its detailed in the whitepaper as a philosophically important point. "By this (POW via miners) mechanism, any new rules and incentives can be enforced."
3) This is the first time in a long time that the miners are being proactive. Let's not discourage them.
Miner apathy led to the BTC-BCH split and the S2X fiasco. This is the first time in a long time that miners are realizing their role and being proactive. Let's encourage them and make them feel good.
4) The risk of dev corruption doesn't make sense because this is the miners' decision.
The miners are acting proactively to implement this intelligently and temporarily, the dev groups are not doing it themselves. Because the dev groups are not seeking to enrich themselves, the infra fund is therefore not telling of corruption. It matters a lot that the miners are the ones deciding to do this.
5) This is not a tax, this is not theft. The miners are not stealing.
The blockchain itself, to a degree of interpretation , is the private property of the miners, distributed by their continual hashpower. The system was designed and intended this way. Winning blocks can be thought of as homesteading, so its not stealing to attach a fee to them prior to them being distributed. This is more like a rent than a tax. We might all hate rent, but rent isn't immoral.
I just hope we can all continue to work together and not feel discouraged. Let's take this as positive news and hope for the best. Nothing bad has happened yet, and i don't think anything will.
[link] [comments]
source https://www.reddit.com/r/btc/comments/esn4yv/the_mineractivated_infrastructure_fund_is_nothing/
Comments
Post a Comment